2507 Gonzales ST, Austin TX 78702

Based on 7 closed sales in SIMMS PAUL, the data points to a value around $520,469 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $574,000 to $613,000. Buyers shopping in SIMMS PAUL right now would see this as a well positioned option among 7 comparable homes. The smaller floor plan (283 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1947 (31 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in SIMMS PAUL (a buyer's market), competition is a factor to consider. Market data shows 78702 prices fallen 4.7% over the last half year. The closest comparable sale, 2515 Gonzales ST, Austin TX 78702 at an adjusted $520,130, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SIMMS PAUL. 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