301 West # 2305, Austin TX 78701

The estimated value of this property is $558,660, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,078,000 and $1,175,000. With 7 comparable homes on the market in INDEPENDENT, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1.75 acre lot (larger than the 0.15 acre average) is reflected in the estimate. Buyers in INDEPENDENT have 7 comparable options right now, with asking prices between $460,000 and $1,600,000. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 501 West Ave # 705, Austin TX 78701, with an adjusted value of $598,464; a strong comparable. Based on 3 relevant data points in INDEPENDENT, 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