1803 E 3rd ST, Austin TX 78702

The market data from 7 similar recent sales in CYPHER points to a value of approximately $449,406. To sell within a reasonable timeframe at fair market value, the $335,000 to $345,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in CYPHER. This home's smaller footprint (250 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 20 years older than the comp average, a factor in the pricing. Buyers in CYPHER have 7 comparable options right now, with asking prices between $329,000 and $625,000. In 78702, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 2220 Webberville RD # 201, Austin TX 78702, adjusting to $269,639; a strong comparable. The 7 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