602 VERMONT RD, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $805,151. To generate strong buyer interest while maximizing value, I'd price this between $1,073,000 and $1,143,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in CITY. Being 442 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1948 construction puts this home 51 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in CITY (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 610 Allen ST # 1, Austin TX 78702 nearby adjusts to $951,804; a strong comparable. 7 comparable transactions in CITY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group