My analysis of 7 comparable properties puts this home's estimated value at $803,261. Based on how the local market is moving, a list price between $1,096,000 and $1,213,000 would position this home well. This would position the home competitively among 7 active listings in 78704. At 29 years older than typical comps, the 1973 build date influences the valuation. The larger lot (0.16 acres versus the area average of 0.11) contributes to the valuation. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. The 6 month price trend in 78704: fallen 1.7%. The best comp here is 900 S 1st ST # 212, Austin TX 78704 at an adjusted value of $706,783, a strong comparable. The comp data here (7 sales in 78704) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus