702 W Monroe ST, Austin TX 78704

Based on 3 closed sales in SMITH R, the data points to a value around $853,453 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $984,000 to $1,056,000. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in SMITH R's current inventory. At 185 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1929 (6 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in SMITH R, ranging from $749,000 to $1,300,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 914 James ST, Austin TX 78704 at an adjusted $893,731, is a strong comparable. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus