800 Brazos ST # 1005, Austin TX 78701

Based on 7 closed sales in BRAZOS PLACE CONDOS, the data points to a value around $385,473 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $488,000 to $587,000. This home's position in the current BRAZOS PLACE CONDOS market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. Being built in 1949 (28 years older than comps) is factored into the value estimate. Lot size matters here: 0.69 acres versus 0.03 for the typical comp. Current inventory shows 7 comparable homes in BRAZOS PLACE CONDOS; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 23% over the last half year. The closest comparable sale, 800 Brazos ST # 1009, Austin TX 78701 at an adjusted $388,731, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in BRAZOS PLACE CONDOS. 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