1904 E 16th ST # A, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $846,899. For a well positioned listing in HOFHEINZ, I'd target the $1,026,000 to $1,056,000 range. With 7 comparable homes on the market in HOFHEINZ, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1928 construction puts this home 89 years older than the comp average, a factor in the pricing. At 0.17 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. 7 similar homes are currently available in HOFHEINZ, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 10.6% since 6 months ago. The most comparable recent sale is 1315 Comal ST, Austin TX 78702, with an adjusted value of $812,493; with a larger floor plan. 7 comparable transactions in HOFHEINZ support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group