506 Upson ST, Austin TX 78703

Based on 3 closed sales in 78703, the data points to a value around $1,148,789 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $595,000 to $605,000. Buyers shopping in 78703 right now would see this as a well positioned option among 3 comparable homes. Being built in 1949 (7 years newer than comps) is factored into the value estimate. Lot size matters here: 0.15 acres versus 0.12 for the typical comp. Current inventory shows 3 comparable homes in 78703; a buyer's market based on recent absorption. Market data shows 78703 prices fallen 8.5% over the last half year. The closest comparable sale, 3311 Bonnie RD, Austin TX 78703 at an adjusted $1,219,474, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in 78703. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group