3104 E 16th ST, Austin TX 78702

Off Market

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Ed's Opinion of Value

$200,000 Ed's Estimate: $461,797 $799,000

Lowest Comp Recommended List: $178,000 to $188,000 Highest Comp

The comparable sales data (5 recent transactions in MCKINLEY HEIGHTS) supports an estimated value of $461,797. The data suggests a list price between $178,000 and $188,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in MCKINLEY HEIGHTS's current inventory. Being 119 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1950 (5 years older than comps) is factored into the value estimate. 7 similar homes are currently available in MCKINLEY HEIGHTS, creating a buyer's market for this price range. Prices in MCKINLEY HEIGHTS have fallen 60.3% over the last 6 months. A similar home at 3010 E 14th ST, Austin TX 78702 carries an adjusted comparable value of $500,883, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in MCKINLEY HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group

MCKINLEY HEIGHTS Market Trends

$579,000 Median Sold Price ▼ 60.3% 6mo

$442/sqft Median $/SqFt ▼ 12.1% 6mo

47 days Avg Days on Market 54 days faster

5 homes Active Inventory 7.5 mo supply

96.4% Sale-to-List Ratio

4 Sales (6 months)

Recently Sold Comparables

$500,883 adjusted 3010 E 14th ST, Austin TX 78702 2bd / 1.0ba • 1,080 sqft • 0.1 mi Sold 4 months ago

$384,650 adjusted 1615 Deloney ST, Austin TX 78721 3bd / 2.0ba • 1,368 sqft • 0.6 mi Sold 6 months ago

$442,555 adjusted 1428 Webberville RD, Austin TX 78721 3bd / 2.0ba • 1,148 sqft • 1.3 mi Sold 5 months ago

$539,765 adjusted 4706 Louis Ave, Austin TX 78721 3bd / 2.0ba • 1,014 sqft • 1 mi Sold 9 months ago

$423,680 adjusted 1601 N Redondo DR, Austin TX 78721 3bd / 2.0ba • 1,022 sqft • 1.2 mi Sold 21 days ago

Currently on Market

$599,000 3104 E 16th ST, Austin TX 78702 3bd / 2.0ba • 1,245 sqft • 0 mi 24 days on market

$200,000 1805 McKinley Ave, Austin TX 78702 1bd / 1.0ba • 1,424 sqft • 0.1 mi 76 days on market

$799,000 1217 Harvey ST # 3, Austin TX 78702 3bd / 3.0ba • 1,338 sqft • 0.2 mi 1 days on market

2 Beds

1 Baths

1,245 Sq Ft

0.1162 Acres

1950 Built

About This Property

.11 acres in PRIME East Austin! Located just off of Airport Blvd, this property offers endless potential for personalization. A small home is currently on the property but is uninhabitable and needs to be torn down. This opens this property up to either building your dream home or an investment opportunity for a duplex or condo regime. Just drive down any of the streets nearby for an array of ideas of what you can do. Buyers will need to do their own due diligence for zoning, city planning, and any restrictions. There is no lock box or access to the property for liability purposes! This property is located within minutes of all East Austin has to offer; nightlife, incredible dining, and entertainment on both Manor Rd and E 12th. Great location and an incredible opportunity for the right developer or builder. Don't miss this rare opportunity!

Location

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Schools

School District Austin ISD

Elementary Sims

Middle School Garcia

High School Austin

Property Details

Property Type Residential

County Travis

MLS # 9167464

Tax Information

Annual Taxes $11,018 (2022)

Listing History

MLS# 9167464 18 days

Sep 2, 2022	Off Market
Jul 25, 2022	Listed		$299,995

Frequently Asked Questions About 3104 E 16th ST, Austin TX 78702

When was 3104 E 16th ST, Austin TX 78702 built?

3104 E 16th ST, Austin TX 78702 was built in 1950.

How much does 3104 E 16th ST, Austin TX 78702 cost?

3104 E 16th ST, Austin TX 78702 sold on September 2, 2022. Contact us for sale price details.

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