609 Theresa Ave, Austin TX 78703

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $648,985. To generate strong buyer interest while maximizing value, I'd price this between $395,000 and $405,000. Among the similar homes currently available in 78703, this price point stands out as competitive. The 1940 construction puts this home 15 years older than the comp average, a factor in the pricing. At 0.18 acres, the lot is larger than the 0.05 acre comp average, which factors into pricing. The active market in 78703 includes 7 comparable homes priced from $360,000 to $679,900. The trend in 78703 shows prices have fallen 8.6% in the past 6 months. 710 Colorado ST # 4A, Austin TX 78701 nearby adjusts to $514,305; a strong comparable. 7 comparable transactions in 78703 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group