80 Red River ST # 202, Austin TX 78701

The market data from 7 similar recent sales in 78701 points to a value of approximately $368,996. To sell within a reasonable timeframe at fair market value, the $242,000 to $252,000 range is where I'd position this. Against 7 similar active listings in 78701, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 1982 construction puts this home 15 years newer than the comp average, a factor in the pricing. At 0.02 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78701, listed between $215,000 and $669,566. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 1500 Woodlawn BLVD # 102, Austin TX 78703, adjusting to $338,162; 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