729 Patterson Ave # 729, Austin TX 78703

The market data from 7 similar recent sales in 78703 points to a value of approximately $1,383,636. To sell within a reasonable timeframe at fair market value, the $1,718,000 to $1,791,000 range is where I'd position this. 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 78703. The 1979 construction puts this home 17 years older than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. 7 similar homes are currently available in 78703, creating a buyer's market for this price range. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 2103 W 10th ST, Austin TX 78703, adjusting to $1,392,341; a strong comparable. The 7 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