3500 Red River ST, Austin TX 78705

The market data from 7 similar recent sales in GARDENS points to a value of approximately $1,300,516. To sell within a reasonable timeframe at fair market value, the $2,038,000 to $2,072,000 range is where I'd position this. With 7 comparable homes on the market in GARDENS, this price positions the property as the most affordable of 7 comparable homes on the market. The 889 sqft size difference versus comparable sales is reflected in the adjusted values. The 1983 construction puts this home 35 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in GARDENS; a buyer's market based on recent absorption. In 78705, home values have fallen approximately 15.5% over the past 6 months. One of the strongest data points is 609 Texas Ave, Austin TX 78705, adjusting to $1,579,178; with a smaller floor plan. The 7 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