The estimated value of this property is $2,055,380, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,014,000 and $2,096,000. With 6 comparable homes on the market in ROBERTSON HILL, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. Being 135 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.02 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. With 6 similar homes currently listed in ROBERTSON HILL (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 0.4% since 6 months ago. The most comparable recent sale is 44 East Ave # 4201, Austin TX 78701, with an adjusted value of $2,109,754; a strong comparable. With 4 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