1306 E Cesar Chavez, Austin TX 78702

The market data from 7 similar recent sales in GARY & PECK points to a value of approximately $796,606. To sell within a reasonable timeframe at fair market value, the $860,000 to $952,000 range is where I'd position this. In the current GARY & PECK market with 0 similar homes available, this price represents no active comparable homes on the market. This home's larger footprint (2,567 sqft vs the comp average) plays a role in how the market prices it. The 1920 construction puts this home 38 years older than the comp average, a factor in the pricing. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 1602 Canterbury ST, Austin TX 78702, adjusting to $562,973; with a smaller floor plan. 7 comparable transactions in GARY & PECK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group