2203 Thornton RD # A, Austin TX 78704

The estimated value of this property is $1,333,405, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,102,000 and $1,112,000. Against 7 similar active listings in 78704, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 131 sqft larger than the typical comp, the size difference factors into the valuation. The 0.49 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 1701 Ravey ST, Austin TX 78704, with an adjusted value of $1,055,500; a strong comparable. Based on 7 relevant data points in 78704, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX