407 W 37th ST # B, Austin TX 78705

My analysis of 7 comparable properties puts this home's estimated value at $578,510. Based on how the local market is moving, a list price between $269,000 and $279,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in LAKEVIEW's current inventory. At 12 years older than typical comps, the 1937 build date influences the valuation. The smaller lot (0.07 acres versus the area average of 0.13) contributes to the valuation. With 7 similar homes currently listed in LAKEVIEW (a buyer's market), competition is a factor to consider. The 6 month price trend in 78705: fallen 11.7%. The best comp here is 4536 Duval ST # 2, Austin TX 78751 at an adjusted value of $571,590, a strong comparable. With 7 comparable sales in LAKEVIEW, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group