3 recent sales within a mile of this address suggest a current value of $942,936. My recommended list price range for this property would be $434,000 to $444,000. With 7 comparable homes on the market in STENGER A, this price positions the property as the most expensive of 7 comparable homes on the market. At 258 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1950, this home is 8 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in STENGER A, ranging from $420,000 to $799,999. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 2703 Oak Park DR, Austin TX 78704, adjusting to $1,000,550; with a larger floor plan. Based on 3 relevant data points in STENGER A, 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
