1506 S 3rd ST, Austin TX 78704

After reviewing 7 recent transactions in MONROE HEIGHTS, I estimate this property's value at $492,917. A competitive list price for this home right now would fall in the $256,000 to $266,000 range. This home's position in the current MONROE HEIGHTS market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. This home's smaller footprint (130 sqft vs the comp average) plays a role in how the market prices it. At 19 years older than typical comps, the 1948 build date influences the valuation. Right now, 7 similar properties are competing for buyers in MONROE HEIGHTS, listed between $249,800 and $999,000. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 1713 SOUTH 5TH ST, Austin TX 78704 carries an adjusted comparable value of $748,530, providing a strong data point. With 7 comparable sales in MONROE HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group