48 East Ave # 1411, Austin TX 78701

The estimated value of this property is $749,915, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $440,000 and $450,000. With 7 comparable homes on the market in ZOPPP, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 0.41 acre lot (larger than the 0.00 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in ZOPPP; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 25.6% since 6 months ago. The most comparable recent sale is 98 San Jacinto BLVD # 904, Austin TX 78701, with an adjusted value of $1,223,347; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group