1401 Chicon, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $483,140. Based on how the local market is moving, a list price between $221,000 and $231,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in 78702's current inventory. At 34 years older than typical comps, the 1920 build date influences the valuation. The smaller lot (0.08 acres versus the area average of 0.12) contributes to the valuation. The active market in 78702 includes 7 comparable homes priced from $219,900 to $639,000. The 6 month price trend in 78702: fallen 2.2%. The best comp here is 1906 E 21st ST, Austin TX 78722 at an adjusted value of $471,787, with a smaller floor plan. The comp data here (7 sales in 78702) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus