1903 Pennsylvania Ave # 2, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $547,712. I'd recommend coming to market at $408,000 to $418,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78702, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 171 sqft size difference versus comparable sales is reflected in the adjusted values. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have fallen 4.7% in the past 6 months. 2205 Sl Davis Ave # 2, Austin TX 78702 nearby adjusts to $504,708; a strong comparable. Based on 4 relevant data points in 78702, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX