900 S Lamar Blvd-202 # 202, Austin TX 78704

After reviewing 7 recent transactions in TIN HEIGHTS, I estimate this property's value at $419,491. A competitive list price for this home right now would fall in the $270,000 to $280,000 range. This home's position in the current TIN HEIGHTS market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. At 21 years older than typical comps, the 1964 build date influences the valuation. The smaller lot (0.77 acres versus the area average of 1.19) contributes to the valuation. Current inventory shows 7 comparable homes in TIN HEIGHTS; a buyer's market based on recent absorption. Prices in 78704 have fallen 5.1% over the last 6 months. A similar home at 810 Ethel ST, Austin TX 78704 carries an adjusted comparable value of $1,076,254, providing a strong data point. With 7 comparable sales in TIN HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group