905 Patterson Ave, Austin TX 78703

The market data from 7 similar recent sales in SPEAR G points to a value of approximately $1,104,082. To sell within a reasonable timeframe at fair market value, the $750,000 to $760,000 range is where I'd position this. With 7 comparable homes on the market in SPEAR G, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1929 construction puts this home 14 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in SPEAR G (a buyer's market), competition is a factor to consider. In 78703, home values have fallen approximately 9.6% over the past 6 months. One of the strongest data points is 1502 W 5th ST # H2, Austin TX 78703, adjusting to $791,174; with a smaller floor plan. 7 comparable transactions in SPEAR G 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