1313 Luna ST, Austin TX 78721

Reviewing the most recent comparable transactions, this home's market value falls around $616,203. For a well positioned listing in CHERNOSKY, I'd target the $500,000 to $510,000 range. In the current CHERNOSKY market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. Being 241 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2013 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in CHERNOSKY; a buyer's market based on recent absorption. Recent trends in CHERNOSKY show home values have fallen 31.9% since 6 months ago. The most comparable recent sale is 1406 Cometa ST # 1, Austin TX 78721, with an adjusted value of $670,046; with a smaller floor plan. 3 comparable transactions in CHERNOSKY 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