2912 E 12th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $941,443. For a well positioned listing in 78702, I'd target the $812,000 to $822,000 range. Among the similar homes currently available in 78702, this price point stands out as competitive. At 149 sqft larger than the typical comp, the size difference factors into the valuation. At 0.15 acres, the lot is larger than the 0.11 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in 78702; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1603 Sanchez ST # B, Austin TX 78702, with an adjusted value of $739,007; with a smaller floor plan. 3 comparable transactions in 78702 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group