Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $292,765. I'd recommend coming to market at $287,000 to $299,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 6 comparable homes on the market comparable homes currently on the market in EAST END FLATS. The 0.02 acre lot (smaller than the 0.06 acre average) is reflected in the estimate. With 6 similar homes currently listed in EAST END FLATS (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have risen 0% in the past 6 months. 1807 Poquito ST # 39, Austin TX 78702 nearby adjusts to $200,093; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
