708 E 47TH ST # B, Austin TX 78751

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $706,976. I'd recommend coming to market at $814,000 to $825,000 to strike the right balance between value and market velocity. Against 7 similar active listings in THEODORA, this price point lands at the most affordable of 7 comparable homes on the market. This home's smaller footprint (261 sqft vs the comp average) plays a role in how the market prices it. Buyers in THEODORA have 7 comparable options right now, with asking prices between $749,000 and $1,525,000. The trend in 78751 shows prices have risen 5.8% in the past 6 months. 5010 Rowena Ave # 1, Austin TX 78751 nearby adjusts to $620,892; with a larger floor plan. Based on 3 relevant data points in THEODORA, 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