3314 Bowman Ave, Austin TX 78703

The market data from 3 similar recent sales in 78703 points to a value of approximately $3,569,686. To sell within a reasonable timeframe at fair market value, the $6,727,000 to $7,804,000 range is where I'd position this. With 7 comparable homes on the market in 78703, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 1,001 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 7 similar properties are competing for buyers in 78703, listed between $3,350,000 and $19,500,000. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 1304 Gaston Ave, Austin TX 78703, adjusting to $4,049,495; with a smaller floor plan and a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group