1903 E 17th ST S, Austin TX 78702

The market data from 3 similar recent sales in HOFHEINZ points to a value of approximately $581,005. To sell within a reasonable timeframe at fair market value, the $226,000 to $236,000 range is where I'd position this. With 7 comparable homes on the market in HOFHEINZ, this price positions the property as the most expensive of 7 comparable homes on the market. The larger floor plan (152 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1920 construction puts this home 6 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in HOFHEINZ (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 1906 E 21st ST, Austin TX 78722, adjusting to $501,923; with a smaller floor plan. 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