80 Red River ST # 307, Austin TX 78701

The estimated value of this property is $453,413, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $542,000 and $565,000. 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 78701. Built in 1982, this home is 35 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78701; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 48 East Ave # 1207, Austin TX 78701, with an adjusted value of $443,502; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group