2009 Pennsylvania Ave # 1, Austin TX 78702

After reviewing 3 recent transactions in 78702, I estimate this property's value at $570,487. A competitive list price for this home right now would fall in the $660,000 to $667,000 range. Buyers shopping in 78702 right now would see this as a well positioned option among 7 comparable homes. At 123 sqft larger than the typical comp, the size difference factors into the valuation. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. Prices in 78702 have fallen 7% over the last 6 months. A similar home at 2205 Sl Davis Ave # 2, Austin TX 78702 carries an adjusted comparable value of $526,205, providing a strong data point. With 3 comparable sales in 78702, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group