1207 E 2nd ST # A, Austin TX 78702

The estimated value of this property is $843,429, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $730,000 and $740,000. Against 3 similar active listings in GARY AND PECK, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 158 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2008, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in GARY AND PECK; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1411 E 2nd ST # B2, Austin TX 78702, with an adjusted value of $635,448; a strong comparable. Based on 3 relevant data points in GARY AND PECK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX