2002 E 7th ST # 221, Austin TX 78702

My analysis of 3 comparable properties puts this home's estimated value at $464,147. Based on how the local market is moving, a list price between $397,000 and $407,000 would position this home well. This would position the home competitively among 7 active listings in MORSE'S. At 118 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.00 acres versus the area average of 0.06) contributes to the valuation. With 7 similar homes currently listed in MORSE'S (a buyer's market), competition is a factor to consider. The 6 month price trend in 78702: fallen 2.2%. The best comp here is 2411 Santa Rosa ST # A, Austin TX 78702 at an adjusted value of $498,280, a strong comparable. The comp data here (3 sales in MORSE'S) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus