601 Brushy ST # 204, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $489,250. For a well positioned listing in 78702, I'd target the $224,000 to $234,000 range. Against 7 similar active listings in 78702, this price point lands at the most expensive of 7 comparable homes on the market. The smaller floor plan (907 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2007 construction puts this home 11 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78702; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2507 Diaz ST, Austin TX 78702, with an adjusted value of $362,830; a strong comparable. The 7 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