Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $689,821. To generate strong buyer interest while maximizing value, I'd price this between $493,000 and $503,000. With 4 comparable homes on the market in CHERNOSKY, this price positions the property as the most expensive of 4 comparable homes on the market. The larger floor plan (108 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.19 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Buyers in CHERNOSKY have 4 comparable options right now, with asking prices between $474,900 and $700,000. The trend in CHERNOSKY shows prices have fallen 31.9% in the past 6 months. 1406 Cometa ST # 1, Austin TX 78721 nearby adjusts to $662,443; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
