7 recent sales within a mile of this address suggest a current value of $380,195. My recommended list price range for this property would be $199,000 to $209,000. Against 7 similar active listings in 78704, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Built in 1959, this home is 10 years older than the average comp, which is reflected in the adjustments. The 0.51 acre lot (larger than the 0.15 acre average) is reflected in the estimate. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. In 78704, home values have fallen approximately 2.6% over the past 6 months. One of the strongest data points is 4601 Parkdale PL, Austin TX 78745, adjusting to $517,767; a strong comparable. Based on 7 relevant data points in 78704, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX