Reviewing the most recent comparable transactions, this home's market value falls around $242,560. For a well positioned listing in HAMPTON PARK TERRACE HOMES, I'd target the $238,000 to $247,000 range. At this price, the property would be the 2nd most expensive of 5 comparable homes on the market comparable homes currently on the market in HAMPTON PARK TERRACE HOMES. This home's larger footprint (146 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in HAMPTON PARK TERRACE HOMES, listed between $215,000 and $340,000. Recent trends in 78704 show home values have fallen 7.9% since 6 months ago. The most comparable recent sale is 3204 Menchaca RD # 216, Austin TX 78704, with an adjusted value of $240,194; a strong comparable. 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