2700 Francisco ST # B, Austin TX 78702

After reviewing 3 recent transactions in JONES I, I estimate this property's value at $444,623. A competitive list price for this home right now would fall in the $487,000 to $506,000 range. This would position the home competitively among 3 active listings in JONES I. The smaller floor plan (118 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.13 acres versus the area average of 0.10) contributes to the valuation. 3 similar homes are currently available in JONES I, creating a buyer's market for this price range. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 2723 Lyons RD # B, Austin TX 78702 carries an adjusted comparable value of $452,393, providing a strong data point. With 3 comparable sales in JONES I, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group