2204 Ann Arbor, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $380,776. I'd recommend coming to market at $284,000 to $294,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78704, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 0.15 acre lot (smaller than the 3.42 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2505 Thornton RD # 3211, Austin TX 78704 nearby adjusts to $369,622; 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