The estimated value of this property is $696,970, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $527,000 and $537,000. With 7 comparable homes on the market in 78702, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 263 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.11 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78702, listed between $515,000 and $914,000. Recent trends in 78702 show home values have fallen 2.9% since 6 months ago. The most comparable recent sale is 2207 New York Ave, Austin TX 78702, with an adjusted value of $616,765; with a larger floor plan. Based on 3 relevant data points in 78702, 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