806 E 31st ST, Austin TX 78705

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $826,388. I'd recommend coming to market at $312,000 to $322,000 to strike the right balance between value and market velocity. In the current STANHOPE PLACE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1945, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.34 acre lot (larger than the 0.16 acre average) is reflected in the estimate. 7 similar homes are currently available in STANHOPE PLACE, creating a buyer's market for this price range. The trend in 78705 shows prices have fallen 15.9% in the past 6 months. 703 E 47th ST, Austin TX 78751 nearby adjusts to $619,233; a strong comparable. Based on 7 relevant data points in STANHOPE PLACE, 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