1008 Spence ST, Austin TX 78702

The market data from 7 similar recent sales in M K & points to a value of approximately $475,499. To sell within a reasonable timeframe at fair market value, the $544,000 to $546,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in M K &. The 1921 construction puts this home 60 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.07 acre comp average, which factors into pricing. 3 similar homes are currently available in M K &, creating a buyer's market for this price range. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 1602 Canterbury ST, Austin TX 78702, adjusting to $525,889; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group