1187 1/2 Oakgrove Ave, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $527,026. For a well positioned listing in HOMEWOOD HEIGHTS, I'd target the $425,000 to $435,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in HOMEWOOD HEIGHTS. Being 160 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1946 construction puts this home 60 years older than the comp average, a factor in the pricing. Buyers in HOMEWOOD HEIGHTS have 7 comparable options right now, with asking prices between $389,999 and $693,000. Recent trends in 78702 show home values have fallen 7% since 6 months ago. The most comparable recent sale is 1181 Ridgeway DR, Austin TX 78702, with an adjusted value of $519,796; 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