913 Mansell Ave # 2, Austin TX 78702

The market data from 3 similar recent sales in 78702 points to a value of approximately $494,638. To sell within a reasonable timeframe at fair market value, the $292,000 to $302,000 range is where I'd position this. Against 7 similar active listings in 78702, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 0.06 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2706 Zaragosa ST # 2, Austin TX 78702, adjusting to $577,328; with a smaller floor plan. 3 comparable transactions in 78702 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