1812 West Ave # 103, Austin TX 78701

The estimated value of this property is $446,297, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $479,000 and $481,000. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78701. Built in 2007, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.01 acre lot (smaller than the 0.05 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78701 (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 21.3% since 6 months ago. The most comparable recent sale is 2500 Longview ST # 116, Austin TX 78705, with an adjusted value of $470,878; with a larger floor plan. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group