2004 E 12th ST # A, Austin TX 78702

The market data from 4 similar recent sales in 78702 points to a value of approximately $624,443. To sell within a reasonable timeframe at fair market value, the $606,000 to $643,000 range is where I'd position this. With 4 comparable homes on the market in 78702, this price positions the property as the most affordable of 4 comparable homes on the market. At 0.05 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. 4 similar homes are currently available in 78702, creating a buyer's market for this price range. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2935 Moss ST # 1, Austin TX 78722, adjusting to $567,508; a strong comparable. 4 comparable transactions in 78702 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