301 E 4th. ST # 349, Austin TX 78701

The estimated value of this property is $489,645, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $356,000 and $366,000. With 3 comparable homes on the market in RAILYARD, this price positions the property as the most expensive of 3 comparable homes on the market. This home's smaller footprint (209 sqft vs the comp average) plays a role in how the market prices it. With 3 similar homes currently listed in RAILYARD (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 1212 Guadalupe ST # 805, Austin TX 78701, with an adjusted value of $327,660; a strong comparable. Based on 7 relevant data points in RAILYARD, 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