1812 West Ave # 305, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $395,364. I'd recommend coming to market at $384,000 to $407,000 to strike the right balance between value and market velocity. In the current 78701 market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. At 139 sqft larger than the typical comp, the size difference factors into the valuation. With 4 similar homes currently listed in 78701 (a buyer's market), competition is a factor to consider. The trend in 78701 shows prices have fallen 19.2% in the past 6 months. 2505 San Gabriel ST # 506, Austin TX 78705 nearby adjusts to $380,271; a strong comparable. 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