301 E 4th ST # 505, Austin TX 78701

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $393,607. Pricing this home between $261,000 and $271,000 would put it in the competitive sweet spot for 78701. This home's position in the current 78701 market: the most expensive of 7 comparable homes on the market among comparable properties. At 159 sqft smaller than the typical comp, the size difference factors into the valuation. At 25 years older than typical comps, the 1983 build date influences the valuation. Right now, 7 similar properties are competing for buyers in 78701, listed between $280,000 and $449,000. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 800 Embassy DR # 530, Austin TX 78702 at an adjusted $275,353, is a strong comparable. With 7 comparable sales in 78701, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group