2403 E 2nd ST, Austin TX 78702

After reviewing 7 recent transactions in 78702, I estimate this property's value at $590,131. A competitive list price for this home right now would fall in the $422,000 to $432,000 range. This would position the home competitively among 6 active listings in 78702. At 49 years older than typical comps, the 1945 build date influences the valuation. The larger lot (0.16 acres versus the area average of 0.08) contributes to the valuation. 6 similar homes are currently available in 78702, creating a buyer's market for this price range. 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 $731,624, 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