2906 S 1st ST # 301, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $498,355. I'd recommend coming to market at $652,000 to $676,000 to strike the right balance between value and market velocity. Among the similar homes currently available in MOON, this price point stands out as competitive. Being 157 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2008, this home is 15 years newer than the average comp, which is reflected in the adjustments. The active market in MOON includes 7 comparable homes priced from $460,000 to $775,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3114 S Congress Ave # 310, Austin TX 78704 nearby adjusts to $363,055; a strong comparable. Based on 7 relevant data points in MOON, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX