901 1/2 Spence # B, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $642,281. For a well positioned listing in SPENCE, I'd target the $308,000 to $318,000 range. With 7 comparable homes on the market in SPENCE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 2017 construction puts this home 44 years newer than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.10 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in SPENCE, ranging from $319,900 to $985,000. Recent trends in 78702 show home values have fallen 5.3% since 6 months ago. The most comparable recent sale is 1410 E 2nd ST # 2, Austin TX 78702, with an adjusted value of $584,618; a strong comparable. 7 comparable transactions in SPENCE 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