311 Leland ST # 1, Austin TX 78704

The market data from 7 similar recent sales in SWISHER points to a value of approximately $327,339. To sell within a reasonable timeframe at fair market value, the $214,000 to $224,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in SWISHER. The 1935 construction puts this home 33 years older than the comp average, a factor in the pricing. At 0.13 acres, the lot is larger than the 0.06 acre comp average, which factors into pricing. The active market in SWISHER includes 7 comparable homes priced from $220,000 to $617,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 2215 Post RD # 2029, Austin TX 78704, adjusting to $210,225; a strong comparable. 7 comparable transactions in SWISHER support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group