505 El Paso ST, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $470,613. For a well positioned listing in HUNTER, I'd target the $405,000 to $415,000 range. Against 7 similar active listings in HUNTER, this price point lands at the 3rd least expensive of 7 comparable homes on the market. At 108 sqft smaller than the typical comp, the size difference factors into the valuation. With 7 similar homes currently listed in HUNTER (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 2503 S 4th ST, Austin TX 78704, with an adjusted value of $449,982; 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