2214 S 2nd ST, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,046,213. I'd recommend coming to market at $861,000 to $871,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in BAWCOM, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Built in 1935, this home is 47 years older than the average comp, which is reflected in the adjustments. The 0.30 acre lot (larger than the 0.11 acre average) is reflected in the estimate. Buyers in BAWCOM have 7 comparable options right now, with asking prices between $799,000 and $2,500,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2209 S 3rd ST, Austin TX 78704 nearby adjusts to $884,797; a strong comparable. With 7 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