Reviewing the most recent comparable transactions, this home's market value falls around $446,417. For a well positioned listing in CHERICO, I'd target the $532,000 to $579,000 range. Against 3 similar active listings in CHERICO, this price point lands at the most affordable of 3 comparable homes on the market. The 1936 construction puts this home 50 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in CHERICO, ranging from $500,000 to $599,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1181 Ridgeway DR, Austin TX 78702, with an adjusted value of $444,660; 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