1301 Chicon ST # 301, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $488,512. To generate strong buyer interest while maximizing value, I'd price this between $474,000 and $503,000. With 7 comparable homes on the market in GIBBS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 2018 construction puts this home 24 years newer than the comp average, a factor in the pricing. At 0.03 acres, the lot is smaller than the 0.11 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in GIBBS, listed between $429,000 and $575,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 3010 E 18th 1/2 ST # B, Austin TX 78702 nearby adjusts to $463,126; 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