2017 E 2nd ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $632,437. For a well positioned listing in FAIR GROUNDS, I'd target the $523,000 to $533,000 range. With 4 comparable homes on the market in FAIR GROUNDS, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The 157 sqft size difference versus comparable sales is reflected in the adjusted values. The 1925 construction puts this home 56 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in FAIR GROUNDS; a buyer's market based on recent absorption. 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 $718,250; with a smaller floor plan. 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