1902 E 16th ST, Austin TX 78702

Based on 7 closed sales in CROWS, the data points to a value around $813,856 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,175,000 to $1,197,000. This would position the home competitively among 7 active listings in CROWS. The 786 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1938 (8 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in CROWS (a buyer's market), competition is a factor to consider. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 1315 Comal ST, Austin TX 78702 at an adjusted $849,982, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CROWS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group