204 W 31st ST, Austin TX 78705

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,192,491. To generate strong buyer interest while maximizing value, I'd price this between $816,000 and $826,000. With 7 comparable homes on the market in FRUTH, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 304 sqft size difference versus comparable sales is reflected in the adjusted values. The 1940 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in FRUTH; a buyer's market based on recent absorption. The trend in 78705 shows prices have fallen 17.3% in the past 6 months. 1909 David ST, Austin TX 78705 nearby adjusts to $1,222,138; a strong comparable. 7 comparable transactions in FRUTH 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