3101 Govalle Ave # 220, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $477,014. Based on how the local market is moving, a list price between $467,000 and $487,000 would position this home well. This would position the home competitively among 3 active listings in DIVISION. This home's smaller footprint (792 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. Current inventory shows 3 comparable homes in DIVISION; a buyer's market based on recent absorption. The 6 month price trend in DIVISION: risen 90.1%. The best comp here is 1401 E 3rd ST # 2, Austin TX 78702 at an adjusted value of $457,537, a strong comparable. With 7 comparable sales in DIVISION, 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