500 S 3 ST # C, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $1,879,151. Based on how the local market is moving, a list price between $1,182,000 and $1,192,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78704's current inventory. The larger floor plan (210 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.17 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 1005 Jewell ST, Austin TX 78704 at an adjusted value of $1,982,523, with a smaller floor plan. The comp data here (7 sales in 78704) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus