2012 Tillotson Ave, Austin TX 78702

After reviewing 6 recent transactions in 78702, I estimate this property's value at $326,365. A competitive list price for this home right now would fall in the $401,000 to $416,000 range. Buyers shopping in 78702 right now would see this as a well positioned option among 6 comparable homes. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. Current inventory shows 6 comparable homes in 78702; a buyer's market based on recent absorption. Prices in 78702 have fallen 6.3% over the last 6 months. A similar home at 66 Cross ST, Austin TX 78702 carries an adjusted comparable value of $286,650, providing a strong data point. With 6 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