2910 Govalle # 2, Austin TX 78702

The market data from 7 similar recent sales in GOVALLE points to a value of approximately $496,239. To sell within a reasonable timeframe at fair market value, the $561,000 to $575,000 range is where I'd position this. With 4 comparable homes on the market in GOVALLE, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. The 299 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.13 acres, the lot is larger than the 0.08 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in GOVALLE; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 8% over the past 6 months. One of the strongest data points is 2706 Zaragosa ST # 2, Austin TX 78702, adjusting to $539,945; 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