Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $767,217. I'd recommend coming to market at $520,000 to $530,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in BOULDIN JAMES, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1930, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.18 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Buyers in BOULDIN JAMES have 7 comparable options right now, with asking prices between $490,000 and $999,000. The trend in 78704 shows prices have fallen 2.3% in the past 6 months. 1713 SOUTH 5TH ST, Austin TX 78704 nearby adjusts to $775,869; a strong comparable. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group