1301 E 3rd ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $478,289. For a well positioned listing in GARY & PECK, I'd target the $286,000 to $296,000 range. In the current GARY & PECK market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 1983 construction puts this home 10 years older than the comp average, a factor in the pricing. At 0.10 acres, the lot is larger than the 0.06 acre comp average, which factors into pricing. 7 similar homes are currently available in GARY & PECK, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1602 Canterbury ST, Austin TX 78702, with an adjusted value of $577,740; a strong comparable. 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