2602 Wilson ST # 502, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $560,905. For a well positioned listing in FLATS, I'd target the $452,000 to $462,000 range. Against 7 similar active listings in FLATS, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 2012 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.68 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. The active market in FLATS includes 7 comparable homes priced from $495,000 to $684,900. Recent trends in 78704 show home values have fallen 1.6% since 6 months ago. The most comparable recent sale is 2606 Wilson ST # 1004, Austin TX 78704, with an adjusted value of $429,957; with a larger floor plan. 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