2107 E 8th Aly # 2, Austin TX 78702

The market data from 7 similar recent sales in BLACKSHEAR PROSPECT HILL points to a value of approximately $541,896. To sell within a reasonable timeframe at fair market value, the $415,000 to $425,000 range is where I'd position this. Against 7 similar active listings in BLACKSHEAR PROSPECT HILL, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (128 sqft vs the comp average) plays a role in how the market prices it. At 0.08 acres, the lot is larger than the 0.04 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in BLACKSHEAR PROSPECT HILL, listed between $429,900 and $850,000. In 78702, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 2411 Santa Rosa ST # B, Austin TX 78702, adjusting to $617,784; 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