1004 W 22nd ST, Austin TX 78705

After reviewing 7 recent transactions in PETERSON, I estimate this property's value at $364,682. A competitive list price for this home right now would fall in the $571,000 to $635,000 range. This pricing would rank the home as the most affordable of 3 comparable homes on the market in PETERSON's current inventory. At 67 years older than typical comps, the 1922 build date influences the valuation. The larger lot (0.15 acres versus the area average of 0.04) contributes to the valuation. Current inventory shows 3 comparable homes in PETERSON; a buyer's market based on recent absorption. Prices in 78705 have fallen 3.1% over the last 6 months. A similar home at 2505 San Gabriel ST # 506, Austin TX 78705 carries an adjusted comparable value of $320,579, providing a strong data point. With 7 comparable sales in PETERSON, 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