902 Spence ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $522,557. For a well positioned listing in M K &, I'd target the $598,000 to $661,000 range. In the current M K & market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 1928 construction puts this home 39 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.07 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in M K &, ranging from $440,000 to $825,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1602 Canterbury ST, Austin TX 78702, with an adjusted value of $545,721; a strong comparable. The 7 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