708 W Gibson ST, Austin TX 78704

The estimated value of this property is $789,343, based on 5 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $357,000 and $367,000. With 7 comparable homes on the market in SOUTH HEIGHTS, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Being 148 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1925, this home is 11 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in SOUTH HEIGHTS; a buyer's market based on recent absorption. Recent trends in SOUTH HEIGHTS show home values have risen 11% since 6 months ago. The most comparable recent sale is 912 James ST, Austin TX 78704, with an adjusted value of $821,673; with a smaller floor plan. Based on 5 relevant data points in SOUTH HEIGHTS, 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