1815 W 8th, Austin TX 78703

My analysis of 7 comparable properties puts this home's estimated value at $1,029,238. Based on how the local market is moving, a list price between $586,000 and $596,000 would position this home well. This pricing would rank the home as the most expensive of 7 comparable homes on the market in MARTIN MRS's current inventory. At 73 years older than typical comps, the 1934 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.07) contributes to the valuation. Buyers in MARTIN MRS have 7 comparable options right now, with asking prices between $550,000 and $1,175,000. The 6 month price trend in 78703: fallen 9.3%. The best comp here is 301 West Ave # 2806, Austin TX 78701 at an adjusted value of $1,094,463, a strong comparable. With 7 comparable sales in MARTIN MRS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group