222 West Ave # 1809, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $461,064. I'd recommend coming to market at $575,000 to $607,000 to strike the right balance between value and market velocity. In the current 78701 market with 6 similar homes available, this price represents the 2nd least expensive of 6 comparable homes on the market. The 0.00 acre lot (smaller than the 0.04 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in 78701; a buyer's market based on recent absorption. The trend in 78701 shows prices have fallen 17.5% in the past 6 months. 301 West Ave # 1603, Austin TX 78701 nearby adjusts to $606,532; a strong comparable. Based on 7 relevant data points in 78701, 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