1001 E 3rd ST, Austin TX 78702

The market data from 7 similar recent sales in SHELLEY N points to a value of approximately $824,635. To sell within a reasonable timeframe at fair market value, the $518,000 to $528,000 range is where I'd position this. In the current SHELLEY N market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (267 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1930 construction puts this home 52 years older than the comp average, a factor in the pricing. The active market in SHELLEY N includes 7 comparable homes priced from $525,000 to $1,250,000. In 78702, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 1610 Garden ST, Austin TX 78702, adjusting to $781,806; a strong comparable. 7 comparable transactions in SHELLEY N 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