1303 S 5th ST, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $509,466. For a well positioned listing in SOUTH HEIGHTS, I'd target the $233,000 to $243,000 range. In the current SOUTH HEIGHTS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. This home's smaller footprint (334 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 12 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in SOUTH HEIGHTS (a balanced market), competition is a factor to consider. Recent trends in SOUTH HEIGHTS show home values have risen 2.3% since 6 months ago. The most comparable recent sale is 912 James ST, Austin TX 78704, with an adjusted value of $662,098; with a larger 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