805 E 32 1/2 ST, Austin TX 78705

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $637,384. I'd recommend coming to market at $383,000 to $393,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in HOFHEINZ E J LT BEAU, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 123 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1953, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in HOFHEINZ E J LT BEAU (a buyer's market), competition is a factor to consider. The trend in 78705 shows prices have fallen 16% in the past 6 months. 703 E 47th ST, Austin TX 78751 nearby adjusts to $585,281; a strong comparable. Based on 3 relevant data points in HOFHEINZ E J LT BEAU, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX