2511 Durwood ST, Austin TX 78704

The market data from 7 similar recent sales in 78704 points to a value of approximately $555,210. To sell within a reasonable timeframe at fair market value, the $458,000 to $468,000 range is where I'd position this. Against 7 similar active listings in 78704, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 1999 construction puts this home 20 years newer than the comp average, a factor in the pricing. At 0.16 acres, the lot is larger than the 0.11 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 1.6% over the past 6 months. One of the strongest data points is 2805 Dulce LN # 1022, Austin TX 78704, adjusting to $433,175; a strong comparable. 7 comparable transactions in 78704 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