2006 Pennsylvania Ave # B, Austin TX 78702

The market data from 5 similar recent sales in EAST points to a value of approximately $569,378. To sell within a reasonable timeframe at fair market value, the $623,000 to $645,000 range is where I'd position this. Against 4 similar active listings in EAST, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 2011 construction puts this home 5 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in EAST (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2205 Sl Davis Ave # 2, Austin TX 78702, adjusting to $526,469; with a smaller floor plan. 5 comparable transactions in EAST 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