48 East Ave # 1605, Austin TX 78701

The estimated value of this property is $470,574, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $535,000 and $549,000. Against 7 similar active listings in NATIIVO ZOPPP, this price point lands at the most affordable of 7 comparable homes on the market. Built in 2021, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. With 7 similar homes currently listed in NATIIVO ZOPPP (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 0.9% since 6 months ago. The most comparable recent sale is 301 West Ave # 1603, Austin TX 78701, with an adjusted value of $622,746; a strong comparable. Based on 4 relevant data points in NATIIVO ZOPPP, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX