1004 Spence ST, Austin TX 78702

The estimated value of this property is $1,146,394, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $982,000 and $992,000. Against 7 similar active listings in M K &, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Being 727 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1906, this home is 111 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in M K &, listed between $849,000 and $2,825,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1400 SW Haskell ST # C, Austin TX 78702, with an adjusted value of $1,248,079; with a smaller floor plan. Based on 7 relevant data points in M K &, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX