3905 Jackson Ave, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $380,174. For a well positioned listing in 78731, I'd target the $214,000 to $224,000 range. In the current 78731 market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 107 sqft smaller than the typical comp, the size difference factors into the valuation. The 1929 construction puts this home 46 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78731; a buyer's market based on recent absorption. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 1211 Georgian ST, Austin TX 78756, with an adjusted value of $455,603; 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