1812 West Ave # 104, Austin TX 78701

The market data from 3 similar recent sales in 78701 points to a value of approximately $293,148. To sell within a reasonable timeframe at fair market value, the $176,000 to $186,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78701. The 2007 construction puts this home 14 years older than the comp average, a factor in the pricing. The active market in 78701 includes 7 comparable homes priced from $174,000 to $298,000. In 78701, home values have fallen approximately 22.6% over the past 6 months. One of the strongest data points is 2500 Longview ST # 112, Austin TX 78705, adjusting to $290,909; a strong comparable. 3 comparable transactions in 78701 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group