620 S 1st ST # 314, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $561,824. For a well positioned listing in 78704, I'd target the $261,000 to $271,000 range. Against 7 similar active listings in 78704, this price point lands at the most expensive of 7 comparable homes on the market. The 1968 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78704, listed between $249,800 and $429,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 1713 SOUTH 5TH ST, Austin TX 78704, with an adjusted value of $804,738; 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