2705 Crest Ave, Austin TX 78702

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $478,855. I'd recommend coming to market at $521,000 to $540,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in HOMEWOOD HEIGHTS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (366 sqft vs the comp average) plays a role in how the market prices it. Built in 1985, this home is 13 years older than the average comp, which is reflected in the adjustments. The active market in HOMEWOOD HEIGHTS includes 7 comparable homes priced from $450,000 to $660,000. The trend in 78702 shows prices have fallen 9.4% in the past 6 months. 1181 Ridgeway DR, Austin TX 78702 nearby adjusts to $505,183; with a larger floor plan. 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