2931 E 12th ST # 302, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $395,475. I'd recommend coming to market at $232,000 to $242,000 to strike the right balance between value and market velocity. In the current EAST END FLATS market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. Being 384 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2008, this home is 12 years newer than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in EAST END FLATS, listed between $209,000 and $389,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 1181 Ridgeway DR, Austin TX 78702 nearby adjusts to $421,478; with a larger floor plan. Based on 7 relevant data points in EAST END FLATS, 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