1102 1/2 Cherico ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $329,082. For a well positioned listing in CHERICO, I'd target the $405,000 to $430,000 range. Among the similar homes currently available in CHERICO, this price point stands out as competitive. The 271 sqft size difference versus comparable sales is reflected in the adjusted values. The 1948 construction puts this home 11 years older than the comp average, a factor in the pricing. 5 similar homes are currently available in CHERICO, creating a buyer's market for this price range. Recent trends in 78702 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 2904 Castro ST, Austin TX 78702, with an adjusted value of $320,514; 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