2220 Leon # 303, Austin TX 78705

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $256,206. I'd recommend coming to market at $324,000 to $327,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78705, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 1972, this home is 10 years older than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.06 acre average) is reflected in the estimate. The active market in 78705 includes 7 comparable homes priced from $274,900 to $365,000. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 2216 San Gabriel ST # 308, Austin TX 78705 nearby adjusts to $189,178; a strong comparable. 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