601 HEARN ST # 207, Austin TX 78703

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $396,324. I'd recommend coming to market at $271,000 to $281,000 to strike the right balance between value and market velocity. Against 1 similar active listings in WEST HEARN STREET SQUARE, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (556 sqft vs the comp average) plays a role in how the market prices it. Built in 1983, this home is 10 years newer than the average comp, which is reflected in the adjustments. The active market in WEST HEARN STREET SQUARE includes 1 comparable homes priced from $299,000 to $299,000. The trend in 78703 shows prices have fallen 8.5% in the past 6 months. 1510 W 6th ST # 111, Austin TX 78703 nearby adjusts to $277,212; a strong comparable. Based on 7 relevant data points in WEST HEARN STREET SQUARE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX