905 E Oltorf ST, Austin TX 78704

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $747,058. Pricing this home between $585,000 and $595,000 would put it in the competitive sweet spot for 78704. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in 78704's current inventory. At 10 years older than typical comps, the 1967 build date influences the valuation. The smaller lot (0.09 acres versus the area average of 0.12) contributes to the valuation. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 5.7% over the last half year. The closest comparable sale, 500 E Riverside DR # 264, Austin TX 78704 at an adjusted $510,993, is a strong comparable. With 7 comparable sales in 78704, 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