1309 Cedar Ave # B, Austin TX 78702

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $516,719. Pricing this home between $547,000 and $557,000 would put it in the competitive sweet spot for 78702. This home's position in the current 78702 market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 12 years newer than typical comps, the 2018 build date influences the valuation. The smaller lot (0.06 acres versus the area average of 0.11) contributes to the valuation. 3 similar homes are currently available in 78702, creating a buyer's market for this price range. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 3010 E 18th 1/2 ST # B, Austin TX 78702 at an adjusted $495,827, is with a smaller floor plan. With 7 comparable sales in 78702, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group