2616 1/2 Jefferson ST # B, Austin TX 78703

The market data from 3 similar recent sales in 78703 points to a value of approximately $623,297. To sell within a reasonable timeframe at fair market value, the $680,000 to $705,000 range is where I'd position this. In the current 78703 market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.08 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in 78703, ranging from $649,000 to $1,195,000. In 78703, home values have fallen approximately 9.6% over the past 6 months. One of the strongest data points is 3500 Enfield RD, Austin TX 78703, adjusting to $595,436; with a smaller floor plan. 3 comparable transactions in 78703 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