The estimated value of this property is $415,084, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $539,000 and $547,000. In the current CHARLES STREET market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Built in 1961, this home is 7 years newer than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in CHARLES STREET, ranging from $399,900 to $599,900. Recent trends in 78702 show home values have fallen 1.8% since 6 months ago. The most comparable recent sale is 4615 Munson ST, Austin TX 78721, with an adjusted value of $418,794; with a smaller floor plan. Based on 3 relevant data points in CHARLES STREET, 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