Taking into account 3 nearby comparable sales, this property's estimated value comes to $1,716,837. If we were to list this property today, I'd recommend a list price in the $2,905,000 to $2,933,000 range. Buyers shopping in 78703 right now would see this as a well positioned option among 7 comparable homes. Being built in 1952 (5 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in 78703, ranging from $1,950,000 to $3,350,000. The 6 month price trend in 78703: risen 1.3%. The best comp here is 1505 W 12 ST, Austin TX 78703 at an adjusted value of $1,453,434, with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in 78703. 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