908 Nueces ST # 17, Austin TX 78701

My analysis of 4 comparable properties puts this home's estimated value at $469,014. Based on how the local market is moving, a list price between $396,000 and $406,000 would position this home well. This would position the home competitively among 7 active listings in CELIAS COURT. At 106 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.01 acres versus the area average of 0.11) contributes to the valuation. Current inventory shows 7 comparable homes in CELIAS COURT; a buyer's market based on recent absorption. The 6 month price trend in 78701: fallen 14.5%. The best comp here is 800 Embassy DR # 210, Austin TX 78702 at an adjusted value of $410,297, a strong comparable. With 4 comparable sales in CELIAS COURT, 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