501 Texas, Austin TX 78705

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,138,786. I'd recommend coming to market at $1,870,000 to $1,991,000 to strike the right balance between value and market velocity. In the current HARPERS market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. At 302 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1922, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in HARPERS, ranging from $1,399,000 to $5,250,000. The trend in 78705 shows prices have fallen 3.1% in the past 6 months. 609 Texas Ave, Austin TX 78705 nearby adjusts to $1,337,342; with a smaller floor plan. With 3 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