80 Red River ST # 110, Austin TX 78701

The market data from 7 similar recent sales in 78701 points to a value of approximately $2,837,699. To sell within a reasonable timeframe at fair market value, the $2,313,000 to $2,323,000 range is where I'd position this. With 7 comparable homes on the market in 78701, this price positions the property as the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (455 sqft vs the comp average) plays a role in how the market prices it. The 1982 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78701; a buyer's market based on recent absorption. In 78701, home values have fallen approximately 24.1% over the past 6 months. One of the strongest data points is 1620 W 10th ST, Austin TX 78703, adjusting to $1,805,221; with a smaller floor plan. 7 comparable transactions in 78701 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group