2005 E 2nd ST, Austin TX 78702

The estimated value of this property is $763,979, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,002,000 and $1,032,000. Against 3 similar active listings in FAIR GROUNDS, this price point lands at the most affordable of 3 comparable homes on the market. At 383 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1920, this home is 80 years older than the average comp, which is reflected in the adjustments. There are currently 3 similar homes on the market in FAIR GROUNDS, ranging from $1,075,000 to $1,190,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2315 Santa Maria ST, Austin TX 78702, with an adjusted value of $827,735; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group