505 Krebs # A, Austin TX 78704

My analysis of 4 comparable properties puts this home's estimated value at $952,414. Based on how the local market is moving, a list price between $806,000 and $816,000 would position this home well. Relative to what's currently available in 78704, this home would be the 2nd most expensive of 6 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. With 6 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 3707 Birch ST # B, Austin TX 78704 at an adjusted value of $745,988, a strong comparable. With 4 comparable sales in 78704, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group