1194 Chestnut Ave, Austin TX 78702

Based on 7 closed sales in FOSTER, the data points to a value around $358,260 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $293,000 to $303,000. This home's position in the current FOSTER market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. The smaller floor plan (191 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1952 (12 years older than comps) is factored into the value estimate. The active market in FOSTER includes 5 comparable homes priced from $275,000 to $450,000. Market data shows FOSTER prices risen 35% over the last half year. The closest comparable sale, 1305 Salina ST # 1, Austin TX 78702 at an adjusted $310,124, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in FOSTER. 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