Reviewing the most recent comparable transactions, this home's market value falls around $526,938. For a well positioned listing in 78704, I'd target the $370,000 to $380,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. At 1.00 acres, the lot is smaller than the 1.21 acre comp average, which factors into pricing. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 2.8% since 6 months ago. The most comparable recent sale is 2610 CARNARVON LN Apt B, Austin TX 78704, with an adjusted value of $615,423; a strong comparable. 7 comparable transactions in 78704 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
