2420 Jarratt Ave, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $2,598,913. For a well positioned listing in 78703, I'd target the $5,244,000 to $6,022,000 range. With 7 comparable homes on the market in 78703, this price positions the property as the most affordable of 7 comparable homes on the market. At 776 sqft larger than the typical comp, the size difference factors into the valuation. At 0.25 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. 7 similar homes are currently available in 78703, creating a buyer's market for this price range. Recent trends in 78703 show home values have risen 1.6% since 6 months ago. The most comparable recent sale is 1304 Gaston Ave, Austin TX 78703, with an adjusted value of $3,510,642; with a larger floor plan and a pool. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group