3101 West Ave, Austin TX 78705

The market data from 3 similar recent sales in SMYTH points to a value of approximately $1,169,169. To sell within a reasonable timeframe at fair market value, the $361,000 to $371,000 range is where I'd position this. At this price, the property would be the 0th most expensive of 7 comparable homes on the market comparable homes currently on the market in SMYTH. The 1926 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.25 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. The active market in SMYTH includes 7 comparable homes priced from $375,000 to $1,175,000. In 78705, home values have fallen approximately 10% over the past 6 months. One of the strongest data points is 2908 Glenview Ave, Austin TX 78703, adjusting to $1,407,120; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group