2012 E 16th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $843,179. For a well positioned listing in CROWS, I'd target the $901,000 to $919,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in CROWS. The 1905 construction puts this home 104 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 7 similar homes are currently available in CROWS, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 1407 Cedar Ave # 1, Austin TX 78702, with an adjusted value of $714,446; with a smaller floor plan. 7 comparable transactions in CROWS 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