210 Lavaca ST # 2811, Austin TX 78701

The market data from 3 similar recent sales in 78701 points to a value of approximately $1,562,013. To sell within a reasonable timeframe at fair market value, the $806,000 to $816,000 range is where I'd position this. Among the similar homes currently available in 78701, this price point stands out as competitive. The 2011 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. The active market in 78701 includes 7 comparable homes priced from $699,500 to $1,499,000. In 78701, home values have fallen approximately 15.9% over the past 6 months. One of the strongest data points is 70 Rainey ST # 1408, Austin TX 78701, adjusting to $1,351,721; a strong comparable. 3 comparable transactions in 78701 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