2603 Sol Wilson Ave, Austin TX 78702

The estimated value of this property is $421,339, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $361,000 and $371,000. Against 4 similar active listings in HOMEWOOD HEIGHTS, this price point lands at the 2nd most expensive of 4 comparable homes on the market. At 762 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1940, this home is 50 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in HOMEWOOD HEIGHTS; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 7% since 6 months ago. The most comparable recent sale is 1177 Graham ST, Austin TX 78702, with an adjusted value of $398,088; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group