2314 SANTA RITA ST, Austin TX 78702

After reviewing 7 recent transactions in INDUSTRIAL, I estimate this property's value at $474,223. A competitive list price for this home right now would fall in the $390,000 to $400,000 range. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in INDUSTRIAL's current inventory. At 17 years older than typical comps, the 1943 build date influences the valuation. 7 similar homes are currently available in INDUSTRIAL, creating a buyer's market for this price range. Prices in 78702 have fallen 3.6% over the last 6 months. A similar home at 746 Springdale RD, Austin TX 78702 carries an adjusted comparable value of $453,339, providing a strong data point. With 7 comparable sales in INDUSTRIAL, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group