1103 Cherico ST # 3, Austin TX 78702

The market data from 4 similar recent sales in CHERICO points to a value of approximately $631,105. To sell within a reasonable timeframe at fair market value, the $612,000 to $650,000 range is where I'd position this. With 4 comparable homes on the market in CHERICO, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. The 2017 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. Buyers in CHERICO have 4 comparable options right now, with asking prices between $650,000 and $940,000. In 78702, home values have risen approximately 1.5% over the past 6 months. One of the strongest data points is 1104 1/2 Gunter ST, Austin TX 78702, adjusting to $816,343; with a pool. 4 comparable transactions in CHERICO 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