700 1 STREET S # 202, Austin TX 78704

The estimated value of this property is $548,749, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $327,000 and $337,000. In the current 78704 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1985, this home is 16 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78704; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 4.1% since 6 months ago. The most comparable recent sale is 700 S 1st ST # 207, Austin TX 78704, with an adjusted value of $322,642; a strong comparable. Based on 7 relevant data points in 78704, 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