1615 E 7th ST # 202, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $424,625. I'd recommend coming to market at $487,000 to $501,000 to strike the right balance between value and market velocity. In the current 78702 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (133 sqft vs the comp average) plays a role in how the market prices it. The 0.26 acre lot (larger than the 0.02 acre average) is reflected in the estimate. Buyers in 78702 have 7 comparable options right now, with asking prices between $399,999 and $639,000. The trend in 78702 shows prices have fallen 1.8% in the past 6 months. 2002 E 7th ST # 204, Austin TX 78702 nearby adjusts to $418,241; a strong comparable. Based on 7 relevant data points in 78702, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX