2502 S 4th ST, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $504,743. I'd recommend coming to market at $248,000 to $258,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LA PERLA, this price positions the property as the most expensive of 7 comparable homes on the market. Being 492 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1954, this home is 6 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in LA PERLA, listed between $249,800 and $725,000. The trend in LA PERLA shows prices have fallen 15.9% in the past 6 months. 2503 S 4th ST, Austin TX 78704 nearby adjusts to $428,615; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group