The comparable sales data (7 recent transactions in 78704) supports an estimated value of $1,654,778. The data suggests a list price between $2,068,000 and $2,339,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 7 active listings in 78704. At 1,171 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2006 (9 years newer than comps) is factored into the value estimate. The active market in 78704 includes 7 comparable homes priced from $1,850,000 to $2,720,000. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 1705 Collier ST, Austin TX 78704 carries an adjusted comparable value of $2,590,665, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus