800 Brazos ST # 1311, Austin TX 78701

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $323,329. I'd recommend coming to market at $513,000 to $519,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78701, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 1949, this home is 15 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 78701, creating a buyer's market for this price range. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 710 Colorado ST # 4G, Austin TX 78701 nearby adjusts to $347,564; 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