After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $773,547. Pricing this home between $632,000 and $642,000 would put it in the competitive sweet spot for BOULDIN JAMES. This home's position in the current BOULDIN JAMES market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (133 sqft compared to the average comp) is a meaningful differentiator in this price range. At 43 years older than typical comps, the 1944 build date influences the valuation. 7 similar homes are currently available in BOULDIN JAMES, creating a buyer's market for this price range. Market data shows 78704 prices fallen 1.2% over the last half year. The closest comparable sale, 2607 S 4th ST, Austin TX 78704 at an adjusted $549,492, is a strong comparable. The comp data here (7 sales in BOULDIN JAMES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus