The estimated value of this property is $975,695, based on 5 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $808,000 and $818,000. Against 7 similar active listings in BOULDIN JAMES, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (103 sqft vs the comp average) plays a role in how the market prices it. There are currently 7 similar homes on the market in BOULDIN JAMES, ranging from $845,000 to $1,575,000. Recent trends in 78704 show home values have fallen 2.3% since 6 months ago. The most comparable recent sale is 1310 S 1st ST # 300, Austin TX 78704, with an adjusted value of $845,935; with a smaller floor plan. Based on 5 relevant data points in BOULDIN JAMES, 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
