808 E 31st ST, Austin TX 78705

Reviewing the most recent comparable transactions, this home's market value falls around $717,818. For a well positioned listing in STANHOPE PLACE, I'd target the $591,000 to $601,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in STANHOPE PLACE. The 1953 construction puts this home 9 years newer than the comp average, a factor in the pricing. At 0.17 acres, the lot is smaller than the 0.21 acre comp average, which factors into pricing. 3 similar homes are currently available in STANHOPE PLACE, creating a buyer's market for this price range. Recent trends in 78705 show home values have fallen 12.5% since 6 months ago. The most comparable recent sale is 4308 Red River ST, Austin TX 78751, with an adjusted value of $556,583; with a smaller floor plan. 3 comparable transactions in STANHOPE PLACE 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