2306 S 3rd ST, Austin TX 78704

My analysis of 6 comparable properties puts this home's estimated value at $2,456,540. Based on how the local market is moving, a list price between $1,558,000 and $1,568,000 would position this home well. This home's position in the current BAWCOM market: the most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.18 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 7 comparable homes in BAWCOM; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 1506 Bouldin Ave, Austin TX 78704 at an adjusted value of $2,535,463, a strong comparable. The comp data here (6 sales in BAWCOM) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus