2602 E 2nd ST, Austin TX 78702

The comparable sales data (7 recent transactions in HIGHWAY) supports an estimated value of $584,604. The data suggests a list price between $424,000 and $434,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in HIGHWAY, this home would be the 2nd most expensive of 4 comparable homes on the market. Being 500 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1936 (60 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in HIGHWAY; a buyer's market based on recent absorption. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 2512 E 2nd ST, Austin TX 78702 carries an adjusted comparable value of $663,030, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in HIGHWAY. 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