500 E Monroe ST, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $628,479. For a well positioned listing in FAIRVIEW PARK, I'd target the $325,000 to $335,000 range. Against 7 similar active listings in FAIRVIEW PARK, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1923 construction puts this home 63 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in FAIRVIEW PARK, creating a buyer's market for this price range. Recent trends in 78704 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 1703 Drake Ave, Austin TX 78704, with an adjusted value of $771,341; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group