308 Pedernales ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $644,438. For a well positioned listing in INDUSTRIAL, I'd target the $496,000 to $506,000 range. Among the similar homes currently available in INDUSTRIAL, this price point stands out as competitive. The smaller floor plan (114 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2021 construction puts this home 12 years newer than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in INDUSTRIAL, ranging from $509,900 to $700,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2411 Santa Rosa ST # B, Austin TX 78702, with an adjusted value of $682,692; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group