507 Sabine ST # 808, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $433,375. For a well positioned listing in 78701, I'd target the $492,000 to $496,000 range. With 7 comparable homes on the market in 78701, this price positions the property as the most affordable of 7 comparable homes on the market. The 2007 construction puts this home 46 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. 7 similar homes are currently available in 78701, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 1205 E 12th ST, Austin TX 78702, with an adjusted value of $447,451; 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