The estimated value of this property is $477,112, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $355,000 and $365,000. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in HOMEWOOD HEIGHTS. Built in 1951, this home is 47 years older than the average comp, which is reflected in the adjustments. The 0.15 acre lot (larger than the 0.09 acre average) is reflected in the estimate. The active market in HOMEWOOD HEIGHTS includes 6 comparable homes priced from $389,999 to $625,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1181 Ridgeway DR, Austin TX 78702, with an adjusted value of $472,744; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group