Reviewing the most recent comparable transactions, this home's market value falls around $671,581. For a well positioned listing in 78702, I'd target the $423,000 to $433,000 range. With 7 comparable homes on the market in 78702, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 2006 construction puts this home 24 years newer than the comp average, a factor in the pricing. At 0.12 acres, the lot is larger than the 0.09 acre comp average, which factors into 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 8.6% since 6 months ago. The most comparable recent sale is 1007 Gullett ST, Austin TX 78702, with an adjusted value of $673,261; a strong comparable. 4 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
