Reviewing the most recent comparable transactions, this home's market value falls around $256,651. 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. This home's larger footprint (105 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in HAMPTON PARK TERRACE HOMES, listed between $225,000 and $429,900. 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 $240,194; 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