Reviewing the most recent comparable transactions, this home's market value falls around $961,097. For a well positioned listing in NEWNING & WARNERS, I'd target the $733,000 to $743,000 range. With 7 comparable homes on the market in NEWNING & WARNERS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Current inventory shows 7 comparable homes in NEWNING & WARNERS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 502 E Mary ST, Austin TX 78704, with an adjusted value of $1,161,731; a strong comparable. 3 comparable transactions in NEWNING & WARNERS 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