401 W 37th, Austin TX 78705

Based on 7 closed sales in LAKEVIEW, the data points to a value around $650,453 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $338,000 to $348,000. This home's position in the current LAKEVIEW market: the most expensive of 7 comparable homes on the market among comparable properties. Being 106 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1920 (19 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in LAKEVIEW (a buyer's market), competition is a factor to consider. Market data shows 78705 prices fallen 11.7% over the last half year. The closest comparable sale, 4523 AVENUE C Ave, Austin TX 78751 at an adjusted $556,270, is a strong comparable. 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