505 Leland ST, Austin TX 78704

The estimated value of this property is $1,191,595, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,709,000 and $1,712,000. With 7 comparable homes on the market in SWISHER, this price positions the property as the most affordable of 7 comparable homes on the market. This home's larger footprint (344 sqft vs the comp average) plays a role in how the market prices it. Built in 1929, this home is 5 years older than the average comp, which is reflected in the adjustments. The active market in SWISHER includes 7 comparable homes priced from $1,650,000 to $1,950,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 1802 Eva ST, Austin TX 78704, with an adjusted value of $1,344,661; with a smaller floor plan. Based on 6 relevant data points in SWISHER, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX