2003 Rabb RD, Austin TX 78704

The market data from 7 similar recent sales in CANNIZZO points to a value of approximately $1,911,211. To sell within a reasonable timeframe at fair market value, the $1,196,000 to $1,206,000 range is where I'd position this. With 7 comparable homes on the market in CANNIZZO, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1952 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.56 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. The active market in CANNIZZO includes 7 comparable homes priced from $1,250,000 to $2,970,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 801 Spofford ST, Austin TX 78704, adjusting to $2,763,844; 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