2318 Santa Rita, Austin TX 78702

After reviewing 7 recent transactions in 78702, I estimate this property's value at $569,842. A competitive list price for this home right now would fall in the $397,000 to $407,000 range. This would position the home competitively among 7 active listings in 78702. The 100 sqft size difference versus comparable sales is reflected in the adjusted values. At 35 years older than typical comps, the 1938 build date influences the valuation. The active market in 78702 includes 7 comparable homes priced from $420,000 to $995,000. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 2319 Santa Maria ST, Austin TX 78702 carries an adjusted comparable value of $624,362, providing a strong data point. With 7 comparable sales in 78702, 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