Based on what similar homes have actually sold for within a mile, I'd place this property's value at $345,184. I'd recommend coming to market at $450,000 to $514,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in BRAZOS PLACE CONDO. Built in 1949, this home is 27 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in BRAZOS PLACE CONDO, ranging from $375,000 to $899,000. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 800 Brazos ST # 1009, Austin TX 78701 nearby adjusts to $347,289; 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