Reviewing the most recent comparable transactions, this home's market value falls around $663,457. For a well positioned listing in 78702, I'd target the $758,000 to $875,000 range. With 7 comparable homes on the market in 78702, this price positions the property as the most affordable of 7 comparable homes on the market. The 203 sqft size difference versus comparable sales is reflected in the adjusted values. The 2006 construction puts this home 38 years newer than the comp average, a factor in the pricing. 7 similar homes are currently available in 78702, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1007 Gullett ST, Austin TX 78702, with an adjusted value of $673,268; a strong comparable. 6 comparable transactions in 78702 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
