2811 E 3rd ST, Austin TX 78702

The market data from 7 similar recent sales in DOWELL JOHN points to a value of approximately $841,810. To sell within a reasonable timeframe at fair market value, the $659,000 to $669,000 range is where I'd position this. With 7 comparable homes on the market in DOWELL JOHN, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1989 construction puts this home 20 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in DOWELL JOHN; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 93 San Saba ST, Austin TX 78702, adjusting to $915,130; with a larger floor plan. 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