809 JEWELL ST, Austin TX 78704

The market data from 7 similar recent sales in SMITH R points to a value of approximately $1,478,268. To sell within a reasonable timeframe at fair market value, the $2,857,000 to $2,934,000 range is where I'd position this. In the current SMITH R market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (1,436 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1900 construction puts this home 104 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in SMITH R (a buyer's market), competition is a factor to consider. In 78704, home values have fallen approximately 1.4% over the past 6 months. One of the strongest data points is 611 Fletcher ST, Austin TX 78704, adjusting to $1,127,000; with a smaller floor plan. 7 comparable transactions in SMITH R 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