Reviewing the most recent comparable transactions, this home's market value falls around $256,568. For a well positioned listing in HAMPTON PARK TERRACE HOMES, I'd target the $286,000 to $311,000 range. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in HAMPTON PARK TERRACE HOMES. Being 105 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in HAMPTON PARK TERRACE HOMES; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 5.3% since 6 months ago. The most comparable recent sale is 3204 Menchaca RD # 216, Austin TX 78704, with an adjusted value of $240,171; 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