The comparable sales data (3 recent transactions in 78703) supports an estimated value of $2,134,324. The data suggests a list price between $1,850,000 and $1,860,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78703's current inventory. At 437 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.30 acres versus 0.27 for the typical comp. 7 similar homes are currently available in 78703, creating a buyer's market for this price range. Prices in 78703 have fallen 0.4% over the last 6 months. A similar home at 2401 Jarratt Ave, Austin TX 78703 carries an adjusted comparable value of $2,477,624, providing a strong data point. The strength of this estimate comes from 3 directly comparable sales in 78703. 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