2803 Hemphill PARK # 201, Austin TX 78705

Based on 7 closed sales in WHITIS, the data points to a value around $232,162 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $186,000 to $196,000. Buyers shopping in WHITIS right now would see this as a well positioned option among 4 comparable homes. At 119 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.24 acres versus 0.01 for the typical comp. There are currently 4 similar homes on the market in WHITIS, ranging from $199,900 to $285,000. Market data shows 78705 prices fallen 3.1% over the last half year. The closest comparable sale, 3009 Speedway # 3, Austin TX 78705 at an adjusted $280,722, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in WHITIS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group