Based on 7 closed sales in HANCOCK PARK, the data points to a value around $218,606 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $256,000 to $257,000. Buyers shopping in HANCOCK PARK right now would see this as a well positioned option among 7 comparable homes. Lot size matters here: 0.00 acres versus 0.14 for the typical comp. Buyers in HANCOCK PARK have 7 comparable options right now, with asking prices between $179,000 and $329,000. Market data shows 78705 prices fallen 7.5% over the last half year. The closest comparable sale, 3016 Guadalupe ST # 307, Austin TX 78705 at an adjusted $204,320, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus