2804 S 1st ST # 1112, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $516,292. For a well positioned listing in GUILD, I'd target the $426,000 to $436,000 range. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in GUILD. The 2019 construction puts this home 12 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. With 7 similar homes currently listed in GUILD (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 5.3% since 6 months ago. The most comparable recent sale is 2725 Dulce LN # 233, Austin TX 78704, with an adjusted value of $431,549; a strong comparable. The 7 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