2804 W 45th ST, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $603,998. To generate strong buyer interest while maximizing value, I'd price this between $630,000 and $641,000. Against 3 similar active listings in 78731, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (141 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1940 construction puts this home 10 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in 78731 (a buyer's market), competition is a factor to consider. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 5011 W Frances PL, Austin TX 78731 nearby adjusts to $501,421; a strong comparable. 7 comparable transactions in 78731 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