706 Fletcher ST, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $702,040. For a well positioned listing in BAWCOM, I'd target the $496,000 to $506,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in BAWCOM. At 0.24 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in BAWCOM; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 4.1% since 6 months ago. The most comparable recent sale is 1006 Brodie ST, Austin TX 78704, with an adjusted value of $648,677; a strong comparable. The 5 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