738 Pedernales ST, Austin TX 78702

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,151,202. I'd recommend coming to market at $840,000 to $850,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LINCOLN PLACE, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (123 sqft vs the comp average) plays a role in how the market prices it. With 7 similar homes currently listed in LINCOLN PLACE (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have fallen 2.9% in the past 6 months. 2202 Holly ST # 1, Austin TX 78702 nearby adjusts to $1,212,074; with a pool. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group