310 Terrace # B, Austin TX 78704

After reviewing 7 recent transactions in 78704, I estimate this property's value at $786,428. A competitive list price for this home right now would fall in the $551,000 to $561,000 range. Buyers shopping in 78704 right now would see this as a well positioned option among 5 comparable homes. This home's smaller footprint (111 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.08) contributes to the valuation. Current inventory shows 5 comparable homes in 78704; a buyer's market based on recent absorption. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 1401 Eva ST # 406, Austin TX 78704 carries an adjusted comparable value of $1,055,184, providing a strong data point. The comp data here (7 sales in 78704) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus