2411 E 2nd ST, Austin TX 78702

Based on 7 closed sales in 78702, the data points to a value around $471,001 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $363,000 to $373,000. Relative to what's currently available in 78702, this home would be the most expensive of 7 comparable homes on the market. Being built in 1940 (25 years older than comps) is factored into the value estimate. Lot size matters here: 0.14 acres versus 0.09 for the typical comp. Current inventory shows 7 comparable homes in 78702; a buyer's market based on recent absorption. Market data shows 78702 prices fallen 8.2% over the last half year. The closest comparable sale, 2202 E 2 1/2 ST, Austin TX 78702 at an adjusted $630,900, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78702. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group