2215 Santa Rita ST, Austin TX 78702

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $434,428. I'd recommend coming to market at $370,000 to $380,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78702, this price point stands out as competitive. The smaller floor plan (218 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1930, this home is 49 years older than the average comp, which is reflected in the adjustments. The active market in 78702 includes 3 comparable homes priced from $385,000 to $502,000. The trend in 78702 shows prices have fallen 8.3% in the past 6 months. 2000 E 8th ST, Austin TX 78702 nearby adjusts to $510,175; a strong comparable. Based on 7 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