1112 Myrtle ST, Austin TX 78702

The market data from 6 similar recent sales in 78702 points to a value of approximately $742,610. To sell within a reasonable timeframe at fair market value, the $794,000 to $807,000 range is where I'd position this. With 3 comparable homes on the market in 78702, this price positions the property as the most affordable of 3 comparable homes on the market. The smaller floor plan (263 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.09 acres, the lot is smaller than the 0.12 acre comp average, which factors into pricing. With 3 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. In 78702, home values have risen approximately 0% over the past 6 months. One of the strongest data points is 2207 New York Ave, Austin TX 78702, adjusting to $667,084; a strong comparable. 6 comparable transactions in 78702 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group