500 RIVERSIDE # 159, Austin TX 78704

Based on 7 closed sales in 78704, the data points to a value around $645,299 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $253,000 to $263,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in 78704's current inventory. Lot size matters here: 0.00 acres versus 0.07 for the typical comp. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. Market data shows 78704 prices fallen 4.7% over the last half year. The closest comparable sale, 500 E Riverside DR # 133, Austin TX 78704 at an adjusted $437,388, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78704. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group