2712 E 12th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $780,995. For a well positioned listing in 78702, I'd target the $816,000 to $824,000 range. In the current 78702 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (300 sqft vs the comp average) plays a role in how the market prices it. The 2014 construction puts this home 5 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in 78702, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1600 Singleton Ave, Austin TX 78702, with an adjusted value of $823,878; with a smaller floor plan. The 3 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