48 East Ave # 2905, Austin TX 78701

The estimated value of this property is $413,395, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $255,000 and $265,000. Among the similar homes currently available in ZOPPP, this price point stands out as competitive. The 0.41 acre lot (larger than the 0.00 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in ZOPPP, listed between $264,900 and $506,999. Recent trends in 78701 show home values have fallen 21.8% since 6 months ago. The most comparable recent sale is 54 Rainey ST # 815, Austin TX 78701, with an adjusted value of $358,815; 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