1103 Cherico ST # 4, Austin TX 78702

The market data from 3 similar recent sales in CHERICO points to a value of approximately $532,400. To sell within a reasonable timeframe at fair market value, the $352,000 to $362,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in CHERICO. At 0.06 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in CHERICO; a buyer's market based on recent absorption. In 78702, home values have risen approximately 1.5% over the past 6 months. One of the strongest data points is 2706 Zaragosa ST # 2, Austin TX 78702, adjusting to $533,346; a strong comparable. The 3 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