1707 E 16th ST # A, Austin TX 78702

The market data from 3 similar recent sales in 78702 points to a value of approximately $592,036. To sell within a reasonable timeframe at fair market value, the $257,000 to $267,000 range is where I'd position this. Against 7 similar active listings in 78702, this price point lands at the 4th most expensive of 7 comparable homes on the market. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2111 Poquito ST, Austin TX 78722, adjusting to $665,611; a strong comparable. 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