507 Sabine ST # 405, Austin TX 78701

The market data from 7 similar recent sales in SABINE points to a value of approximately $991,231. To sell within a reasonable timeframe at fair market value, the $628,000 to $638,000 range is where I'd position this. Against 3 similar active listings in SABINE, this price point lands at the most expensive of 3 comparable homes on the market. With 3 similar homes currently listed in SABINE (a buyer's market), competition is a factor to consider. In 78701, home values have fallen approximately 24.1% over the past 6 months. One of the strongest data points is 555 E 5th ST # 901, Austin TX 78701, adjusting to $759,987; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group