904 Spence ST, Austin TX 78702

The market data from 7 similar recent sales in M K & points to a value of approximately $713,490. To sell within a reasonable timeframe at fair market value, the $615,000 to $625,000 range is where I'd position this. In the current M K & market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The larger floor plan (102 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1906 construction puts this home 78 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in M K &, ranging from $625,000 to $1,070,000. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2300 Willow ST, Austin TX 78702, adjusting to $776,925; 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