2807 E 4th ST # B, Austin TX 78702

Based on 7 closed sales in 78702, the data points to a value around $581,122 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $434,000 to $444,000. This home's position in the current 78702 market: the 4th most expensive of 7 comparable homes on the market among comparable properties. This home's smaller footprint (598 sqft vs the comp average) plays a role in how the market prices it. Being built in 2018 (19 years newer than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78702; a buyer's market based on recent absorption. Market data shows 78702 prices fallen 4.9% over the last half year. The closest comparable sale, 511 Allen ST, Austin TX 78702 at an adjusted $510,815, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78702. 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