2323 E 5th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $606,975. For a well positioned listing in INDUSTRIAL ANNEX, I'd target the $650,000 to $678,000 range. Among the similar homes currently available in INDUSTRIAL ANNEX, this price point stands out as competitive. The 1988 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in INDUSTRIAL ANNEX; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2001 E 8th ST, Austin TX 78702, with an adjusted value of $588,718; with a larger floor plan. 7 comparable transactions in INDUSTRIAL ANNEX support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group