507 Sabine ST # 1001, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $840,295. For a well positioned listing in SABINE, I'd target the $640,000 to $650,000 range. Against 6 similar active listings in SABINE, this price point lands at the 2nd least expensive of 6 comparable homes on the market. At 132 sqft larger than the typical comp, the size difference factors into the valuation. At 0.01 acres, the lot is smaller than the 0.04 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in SABINE; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 23.9% since 6 months ago. The most comparable recent sale is 210 Lavaca ST # 2211, Austin TX 78701, with an adjusted value of $884,640; a strong comparable. 4 comparable transactions in SABINE 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