2921 Prado ST # B, Austin TX 78702

After reviewing 5 recent transactions in 78702, I estimate this property's value at $486,646. A competitive list price for this home right now would fall in the $413,000 to $423,000 range. Relative to what's currently available in 78702, this home would be the most expensive of 4 comparable homes on the market. The smaller floor plan (107 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.06 acres versus the area average of 0.09) contributes to the valuation. With 4 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. Prices in 78702 have fallen 1.8% over the last 6 months. A similar home at 2723 Lyons RD # B, Austin TX 78702 carries an adjusted comparable value of $448,513, providing a strong data point. With 5 comparable sales in 78702, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group