1311 E 3rd ST, Austin TX 78702

Based on 7 closed sales in GARY & PECK, the data points to a value around $744,519 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $445,000 to $455,000. This home's position in the current GARY & PECK market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (164 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (13 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in GARY & PECK (a buyer's market), competition is a factor to consider. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 1621 Garden ST, Austin TX 78702 at an adjusted $769,983, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus