3403 Govalle Ave, Austin TX 78702

The estimated value of this property is $597,181, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $439,000 and $449,000. In the current CHERICO market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 186 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1956, this home is 6 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in CHERICO, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 4.4% since 6 months ago. The most comparable recent sale is 606 Springdale RD, Austin TX 78702, with an adjusted value of $797,976; a strong comparable. Based on 3 relevant data points in CHERICO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX