Reviewing the most recent comparable transactions, this home's market value falls around $1,111,794. For a well positioned listing in HYDE PARK, I'd target the $812,000 to $822,000 range. With 5 comparable homes on the market in HYDE PARK, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 195 sqft smaller than the typical comp, the size difference factors into the valuation. The 1927 construction puts this home 5 years older than the comp average, a factor in the pricing. Buyers in HYDE PARK have 5 comparable options right now, with asking prices between $789,000 and $1,849,000. Recent trends in HYDE PARK show home values have risen 16.9% since 6 months ago. The most comparable recent sale is 4404 Speedway, Austin TX 78751, with an adjusted value of $1,281,030; 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
