2506 E 2nd ST, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $548,395. To generate strong buyer interest while maximizing value, I'd price this between $359,000 and $369,000. In the current HIGHWAY market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. The smaller floor plan (324 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1935 construction puts this home 51 years older than the comp average, a factor in the pricing. Right now, 4 similar properties are competing for buyers in HIGHWAY, listed between $319,999 and $1,075,000. The trend in 78702 shows prices have fallen 1.8% in the past 6 months. 2515 Gonzales ST, Austin TX 78702 nearby adjusts to $561,820; a strong comparable. The 7 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