507 Sabine ST # 307, Austin TX 78701

The comparable sales data (7 recent transactions in 78701) supports an estimated value of $1,282,730. The data suggests a list price between $523,000 and $533,000 would attract qualified buyers without leaving money on the table. This home's position in the current 78701 market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. Lot size matters here: 0.35 acres versus 0.01 for the typical comp. Right now, 7 similar properties are competing for buyers in 78701, listed between $538,999 and $1,475,000. Prices in 78701 have fallen 17.5% over the last 6 months. A similar home at 222 West Ave # 3002, Austin TX 78701 carries an adjusted comparable value of $1,746,665, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78701. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group