Reviewing the most recent comparable transactions, this home's market value falls around $626,741. For a well positioned listing in 78702, I'd target the $790,000 to $852,000 range. Against 3 similar active listings in 78702, this price point lands at the most affordable of 3 comparable homes on the market. The larger floor plan (152 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 3 similar homes on the market in 78702, ranging from $749,000 to $899,000. Recent trends in 78702 show home values have risen 0% since 6 months ago. The most comparable recent sale is 2207 New York Ave, Austin TX 78702, with an adjusted value of $626,986; with a larger floor plan. The 4 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
