907 S 2nd ST, Austin TX 78704

The market data from 7 similar recent sales in 78704 points to a value of approximately $395,425. To sell within a reasonable timeframe at fair market value, the $237,000 to $247,000 range is where I'd position this. Among the similar homes currently available in 78704, this price point stands out as competitive. This home's smaller footprint (384 sqft vs the comp average) plays a role in how the market prices it. The 1942 construction puts this home 11 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 620 S 1st ST # 209, Austin TX 78704, adjusting to $141,880; a strong comparable. 7 comparable transactions in 78704 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