2901 E 5th ST, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $522,922. To generate strong buyer interest while maximizing value, I'd price this between $438,000 and $448,000. With 7 comparable homes on the market in HARTWELL, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 755 sqft smaller than the typical comp, the size difference factors into the valuation. The 1948 construction puts this home 50 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in HARTWELL; a buyer's market based on recent absorption. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 2507 Diaz ST, Austin TX 78702 nearby adjusts to $414,880; with a smaller 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