After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,611,900. Pricing this home between $2,809,000 and $3,017,000 would put it in the competitive sweet spot for AVON HEIGHTS. This pricing would rank the home as the most affordable of 7 comparable homes on the market in AVON HEIGHTS's current inventory. The larger floor plan (1,063 sqft compared to the average comp) is a meaningful differentiator in this price range. At 14 years older than typical comps, the 1962 build date influences the valuation. Right now, 7 similar properties are competing for buyers in AVON HEIGHTS, listed between $2,600,000 and $3,995,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 2124 Bluebonnet LN, Austin TX 78704 at an adjusted $2,027,400, is with a smaller floor plan. With 7 comparable sales in AVON HEIGHTS, 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