The estimated value of this property is $1,019,165, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $989,000 and $1,050,000. Among the similar homes currently available in 78704, this price point stands out as competitive. This home's larger footprint (277 sqft vs the comp average) plays a role in how the market prices it. Built in 2004, this home is 5 years older than the average comp, which is reflected in the adjustments. 5 similar homes are currently available in 78704, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2104 East Side DR, Austin TX 78704, with an adjusted value of $1,107,871; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
