1803 E 3rd ST, Austin TX 78702

The market data from 7 similar recent sales in CYPHER points to a value of approximately $427,373. To sell within a reasonable timeframe at fair market value, the $339,000 to $349,000 range is where I'd position this. At this price, the property would be the most expensive of 6 comparable homes on the market comparable homes currently on the market in CYPHER. This home's smaller footprint (141 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 29 years older than the comp average, a factor in the pricing. Buyers in CYPHER have 6 comparable options right now, with asking prices between $335,000 and $459,000. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2202 E 2 1/2 ST, Austin TX 78702, adjusting to $586,098; with a larger floor plan. 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