2606 Wilson ST # 1602, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $588,994. For a well positioned listing in FLATS, I'd target the $687,000 to $689,000 range. With 6 comparable homes on the market in FLATS, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. The 2012 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in FLATS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 506 South Park DR # 1, Austin TX 78704, with an adjusted value of $684,231; a strong comparable. 7 comparable transactions in FLATS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group