606 W 31 1/2 ST, Austin TX 78705

My analysis of 7 comparable properties puts this home's estimated value at $465,477. Based on how the local market is moving, a list price between $327,000 and $337,000 would position this home well. Relative to what's currently available in 78705, this home would be the most expensive of 7 comparable homes on the market. At 64 years older than typical comps, the 1927 build date influences the valuation. The larger lot (0.11 acres versus the area average of 0.06) contributes to the valuation. With 7 similar homes currently listed in 78705 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78705: fallen 11.7%. The best comp here is 3016 Guadalupe ST # 308, Austin TX 78705 at an adjusted value of $369,025, a strong comparable. With 7 comparable sales in 78705, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group