2523 7th, Austin TX 78702

After reviewing 7 recent transactions in SIMMS PAUL, I estimate this property's value at $512,502. A competitive list price for this home right now would fall in the $549,000 to $597,000 range. Relative to what's currently available in SIMMS PAUL, this home would be the most affordable of 3 comparable homes on the market. At 34 years older than typical comps, the 1945 build date influences the valuation. The smaller lot (0.06 acres versus the area average of 0.12) contributes to the valuation. Buyers in SIMMS PAUL have 3 comparable options right now, with asking prices between $500,000 and $775,000. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 1314 E 13th ST, Austin TX 78702 carries an adjusted comparable value of $597,108, providing a strong data point. With 7 comparable sales in SIMMS PAUL, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group