507 Sabine # 801, Austin TX 78701

Based on 7 closed sales in 78701, the data points to a value around $1,247,272 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $611,000 to $621,000. Relative to what's currently available in 78701, this home would be the 4th most expensive of 7 comparable homes on the market. Being built in 2008 (5 years older than comps) is factored into the value estimate. Buyers in 78701 have 7 comparable options right now, with asking prices between $550,000 and $1,500,000. Market data shows 78701 prices fallen 14.7% over the last half year. The closest comparable sale, 800 W 5th ST # 1001, Austin TX 78703 at an adjusted $722,391, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus