Based on 3 closed sales in LAKEVIEW, the data points to a value around $969,618 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $656,000 to $666,000. This would position the home competitively among 4 active listings in LAKEVIEW. Being built in 1920 (9 years older than comps) is factored into the value estimate. There are currently 4 similar homes on the market in LAKEVIEW, ranging from $610,000 to $1,200,000. Market data shows 78705 prices fallen 11.7% over the last half year. The closest comparable sale, 704 Texas Ave, Austin TX 78705 at an adjusted $1,297,735, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in LAKEVIEW. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group