1401 Sanchez ST, Austin TX 78702

The estimated value of this property is $474,458, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $177,000 and $187,000. In the current DIVISION market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1940, this home is 18 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 1% since 6 months ago. The most comparable recent sale is 1210 Coleto ST, Austin TX 78702, with an adjusted value of $473,467; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group