After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $601,252. Pricing this home between $471,000 and $481,000 would put it in the competitive sweet spot for BANISTER HEIGHTS. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in BANISTER HEIGHTS's current inventory. At 5 years older than typical comps, the 2002 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.15) contributes to the valuation. The active market in BANISTER HEIGHTS includes 7 comparable homes priced from $480,000 to $789,000. Market data shows 78704 prices fallen 2.7% over the last half year. The closest comparable sale, 3608 S 2nd ST, Austin TX 78704 at an adjusted $585,772, is with a smaller floor plan. With 6 comparable sales in BANISTER 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
