800 Brazos ST # 704, Austin TX 78701

Based on 3 closed sales in BRAZOS PLACE CONDO, the data points to a value around $366,066 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $476,000 to $527,000. Relative to what's currently available in BRAZOS PLACE CONDO, this home would be the 2nd least expensive of 7 comparable homes on the market. Being built in 1949 (9 years newer than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.05 for the typical comp. 7 similar homes are currently available in BRAZOS PLACE CONDO, creating a buyer's market for this price range. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 710 Colorado ST # 2D, Austin TX 78701 at an adjusted $321,166, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in BRAZOS PLACE CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group