2907 Kinney Ave, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $533,806. For a well positioned listing in SOUTH TERRACE, I'd target the $277,000 to $287,000 range. In the current SOUTH TERRACE market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 1961 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.16 acres, the lot is smaller than the 1.25 acre comp average, which factors into pricing. 7 similar homes are currently available in SOUTH TERRACE, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 3203 Dolphin DR, Austin TX 78704, with an adjusted value of $583,216; 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