3311 Thompson ST, Austin TX 78702

After reviewing 4 recent transactions in PECAN GARDEN, I estimate this property's value at $474,880. A competitive list price for this home right now would fall in the $530,000 to $555,000 range. Buyers shopping in PECAN GARDEN right now would see this as a well positioned option among 3 comparable homes. The smaller floor plan (386 sqft compared to the average comp) is a meaningful differentiator in this price range. At 16 years older than typical comps, the 1965 build date influences the valuation. 3 similar homes are currently available in PECAN GARDEN, creating a buyer's market for this price range. Prices in 78702 have fallen 6.5% over the last 6 months. A similar home at 1007 Gullett ST, Austin TX 78702 carries an adjusted comparable value of $555,445, providing a strong data point. With 4 comparable sales in PECAN GARDEN, 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