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 $1,140,848. I'd recommend coming to market at $1,740,000 to $1,905,000 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 283 sqft larger than the typical comp, the size difference factors into the valuation. The 0.21 acre lot (larger than the 0.18 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in HARPERS, ranging from $1,499,927 to $2,600,000. The trend in 78705 shows prices have fallen 14.8% in the past 6 months. 4014 Avenue D, Austin TX 78751 nearby adjusts to $1,145,506; with a smaller floor plan. With 4 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