The estimated value of this property is $517,804, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $589,000 and $637,000. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in WARD. Built in 1917, this home is 24 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in WARD; a buyer's market based on recent absorption. Recent trends in 78705 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 4404 Barrow Ave, Austin TX 78751, with an adjusted value of $589,287; with a smaller floor plan. With 7 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