2015 E 2nd ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $510,463. For a well positioned listing in FAIR GROUNDS, I'd target the $440,000 to $450,000 range. Against 7 similar active listings in FAIR GROUNDS, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1927 construction puts this home 40 years older than the comp average, a factor in the pricing. At 0.15 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in FAIR GROUNDS, listed between $418,999 and $995,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2511 E Cesar Chavez ST, Austin TX 78702, with an adjusted value of $627,296; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group