500 E Riverside DR # 256, Austin TX 78704

The market data from 5 similar recent sales in 78704 points to a value of approximately $305,257. To sell within a reasonable timeframe at fair market value, the $483,000 to $497,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. At 0.00 acres, the lot is smaller than the 0.04 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 500 E Riverside DR # 133, Austin TX 78704, adjusting to $405,834; a strong comparable. 5 comparable transactions in 78704 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group