1905 E 8th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $485,281. For a well positioned listing in OIL MILL, I'd target the $386,000 to $396,000 range. Against 7 similar active listings in OIL MILL, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 1936 construction puts this home 29 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. Buyers in OIL MILL have 7 comparable options right now, with asking prices between $360,000 and $995,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2202 E 2 1/2 ST, Austin TX 78702, with an adjusted value of $638,693; a strong comparable. The 7 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