805 W Gibson ST, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $807,549. To generate strong buyer interest while maximizing value, I'd price this between $544,000 and $554,000. In the current SOUTH HEIGHTS market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1995 construction puts this home 9 years older than the comp average, a factor in the pricing. At 0.13 acres, the lot is larger than the 0.08 acre comp average, which factors into pricing. With 7 similar homes currently listed in SOUTH HEIGHTS (a balanced market), competition is a factor to consider. The trend in SOUTH HEIGHTS shows prices have risen 2.3% in the past 6 months. 2010 S 2nd ST, Austin TX 78704 nearby adjusts to $893,815; a strong comparable. 3 comparable transactions in SOUTH HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group