2930 E 12th ST # A, Austin TX 78702

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $644,978. I'd recommend coming to market at $372,000 to $382,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78702. Built in 2009, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.24 acre lot (larger than the 0.10 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78702, listed between $399,000 and $799,000. The trend in 78702 shows prices have fallen 8.1% in the past 6 months. 1601 Miriam Ave # 100, Austin TX 78702 nearby adjusts to $490,475; a strong comparable. Based on 7 relevant data points in 78702, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX