2909 E. 16th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $386,238. For a well positioned listing in 78702, I'd target the $204,000 to $214,000 range. Among the similar homes currently available in 78702, this price point stands out as competitive. This home's smaller footprint (144 sqft vs the comp average) plays a role in how the market prices it. The 1936 construction puts this home 27 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2108 E 12th ST, Austin TX 78702, with an adjusted value of $425,823; 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