706 E Monroe ST, Austin TX 78704

The market data from 3 similar recent sales in 78704 points to a value of approximately $763,893. To sell within a reasonable timeframe at fair market value, the $306,000 to $316,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. The 1928 construction puts this home 9 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78704, listed between $279,000 and $875,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 1918 Newning Ave, Austin TX 78704, adjusting to $743,379; with a smaller floor plan. The 3 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