2529 Rio Grande ST # 83, Austin TX 78705

Based on 7 closed sales in 78705, the data points to a value around $286,783 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $335,000 to $336,000. This would position the home competitively among 7 active listings in 78705. Being built in 1977 (6 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.04 for the typical comp. 7 similar homes are currently available in 78705, creating a buyer's market for this price range. Market data shows 78705 prices fallen 41.5% over the last half year. The closest comparable sale, 807 W 25th ST # 214, Austin TX 78705 at an adjusted $287,860, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78705. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group