1114 Linden ST # 2, Austin TX 78702

The market data from 7 similar recent sales in CHERICO points to a value of approximately $461,471. To sell within a reasonable timeframe at fair market value, the $518,000 to $597,000 range is where I'd position this. Among the similar homes currently available in CHERICO, this price point stands out as competitive. The 1939 construction puts this home 51 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. The active market in CHERICO includes 6 comparable homes priced from $450,000 to $1,150,000. In 78702, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 3101 Govalle Ave # 303, Austin TX 78702, adjusting to $386,146; 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