2804 S 1st ST # 1201, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $498,903. For a well positioned listing in 78704, I'd target the $369,000 to $379,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. At 1.00 acres, the lot is smaller than the 1.75 acre comp average, which factors into pricing. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2505 Thornton RD # 2208, Austin TX 78704, with an adjusted value of $401,690; 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