807 Pressler ST, Austin TX 78703

Based on 4 closed sales in SMOOT, the data points to a value around $466,675 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $619,000 to $688,000. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in SMOOT's current inventory. Lot size matters here: 0.00 acres versus 0.08 for the typical comp. 7 similar homes are currently available in SMOOT, creating a buyer's market for this price range. Market data shows 78703 prices fallen 16.4% over the last half year. The closest comparable sale, 710 Colorado ST # 2D, Austin TX 78701 at an adjusted $320,230, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in SMOOT. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group