700 S 1ST ST # 204, Austin TX 78704

Based on 7 closed sales in 78704, the data points to a value around $553,725 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $216,000 to $226,000. This home's position in the current 78704 market: the most expensive of 7 comparable homes on the market among comparable properties. Being built in 1985 (17 years newer than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.10 for the typical comp. The active market in 78704 includes 7 comparable homes priced from $215,000 to $348,500. Market data shows 78704 prices fallen 1.4% over the last half year. The closest comparable sale, 700 S 1st ST # 207, Austin TX 78704 at an adjusted $334,252, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78704. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group