4507 S 3RD ST, Austin TX 78745

After reviewing 7 recent transactions in 78745, I estimate this property's value at $840,970. A competitive list price for this home right now would fall in the $993,000 to $1,125,000 range. This home's position in the current 78745 market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 20 years older than typical comps, the 1999 build date influences the valuation. The smaller lot (0.19 acres versus the area average of 0.22) contributes to the valuation. With 7 similar homes currently listed in 78745 (a buyer's market), competition is a factor to consider. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 4613 Raintree BLVD # 2, Austin TX 78745 carries an adjusted comparable value of $991,165, providing a strong data point. With 7 comparable sales in 78745, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group