Reviewing the most recent comparable transactions, this home's market value falls around $767,850. For a well positioned listing in 78702, I'd target the $494,000 to $504,000 range. Against 7 similar active listings in 78702, this price point lands at the most expensive of 7 comparable homes on the market. The 2011 construction puts this home 6 years newer than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in 78702, ranging from $460,000 to $715,000. Recent trends in 78702 show home values have risen 1.5% since 6 months ago. The most comparable recent sale is 1508 E 11th ST, Austin TX 78702, with an adjusted value of $812,710; with a larger floor plan. The 3 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
