3507 Gonzales ST, Austin TX 78702

The market data from 7 similar recent sales in DIVISION points to a value of approximately $585,427. To sell within a reasonable timeframe at fair market value, the $508,000 to $518,000 range is where I'd position this. Among the similar homes currently available in DIVISION, this price point stands out as competitive. The 1941 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. With 3 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. In DIVISION, home values have risen approximately 3.2% over the past 6 months. One of the strongest data points is 3101 Govalle Ave # 215, Austin TX 78702, adjusting to $413,366; a strong comparable. The 7 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