1307 Alexander Ave, Austin TX 78702

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $294,686. I'd recommend coming to market at $158,000 to $168,000 to strike the right balance between value and market velocity. Against 7 similar active listings in CHERNOSKY, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Being 492 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1952, this home is 13 years older than the average comp, which is reflected in the adjustments. The active market in CHERNOSKY includes 7 comparable homes priced from $175,000 to $459,000. The trend in CHERNOSKY shows prices have fallen 31.9% in the past 6 months. 2904 Castro ST, Austin TX 78702 nearby adjusts to $282,111; a strong comparable. Based on 7 relevant data points in CHERNOSKY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX