504 W 33rd ST, Austin TX 78705

The market data from 7 similar recent sales in HEMPHILL PARK TWNHMS points to a value of approximately $1,258,652. To sell within a reasonable timeframe at fair market value, the $1,612,000 to $1,637,000 range is where I'd position this. In the current HEMPHILL PARK TWNHMS market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 363 sqft larger than the typical comp, the size difference factors into the valuation. The 1981 construction puts this home 17 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in HEMPHILL PARK TWNHMS; a buyer's market based on recent absorption. In 78705, home values have fallen approximately 12% over the past 6 months. One of the strongest data points is 1801 Lavaca ST, Austin TX 78701, adjusting to $1,355,790; with a smaller 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