505 W 7th ST W # 318, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $634,840. To generate strong buyer interest while maximizing value, I'd price this between $522,000 and $532,000. With 7 comparable homes on the market in DOWNTOWN, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 136 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1964 construction puts this home 8 years newer than the comp average, a factor in the pricing. Buyers in DOWNTOWN have 7 comparable options right now, with asking prices between $449,000 and $1,799,500. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 800 Brazos ST # 1207, Austin TX 78701 nearby adjusts to $596,727; a strong comparable. 4 comparable transactions in DOWNTOWN 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