1009 Wheeless ST, Austin TX 78702

After reviewing 7 recent transactions in 78702, I estimate this property's value at $487,408. A competitive list price for this home right now would fall in the $336,000 to $346,000 range. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in 78702's current inventory. At 20 years older than typical comps, the 1928 build date influences the valuation. The smaller lot (0.07 acres versus the area average of 0.13) contributes to the valuation. There are currently 7 similar homes on the market in 78702, ranging from $319,900 to $985,000. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 2312 Canterbury St #A, Austin TX 78702 carries an adjusted comparable value of $601,129, providing a strong data point. With 7 comparable sales in 78702, 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