714 Monroe # 4, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $900,611. For a well positioned listing in SMITH R, I'd target the $1,069,000 to $1,202,000 range. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in SMITH R. The 2005 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.17 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. With 7 similar homes currently listed in SMITH R (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 610 Fletcher ST # A, Austin TX 78704, with an adjusted value of $789,898; with a smaller floor plan. The 6 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