1139 1/2 Poquito ST # 1, Austin TX 78702

Based on 7 closed sales in CHERNOSKY, the data points to a value around $305,836 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $155,000 to $165,000. This home's position in the current CHERNOSKY market: the most expensive of 5 comparable homes on the market among comparable properties. The smaller floor plan (626 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1950 (15 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in CHERNOSKY; a buyer's market based on recent absorption. Market data shows CHERNOSKY prices fallen 31.3% over the last half year. The closest comparable sale, 2904 Castro ST, Austin TX 78702 at an adjusted $269,179, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in CHERNOSKY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group