1405 E Cesar Chavez ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $768,278. For a well positioned listing in WELCH, I'd target the $983,000 to $1,030,000 range. In the current WELCH market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (147 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1900 construction puts this home 103 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in WELCH, ranging from $1,025,000 to $1,349,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1401 Holly ST # A, Austin TX 78702, with an adjusted value of $800,711; with a larger 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