1409 Luna ST, Austin TX 78721

Based on 7 closed sales in CHERNOSKY, the data points to a value around $518,728 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $596,000 to $607,000. Relative to what's currently available in CHERNOSKY, this home would be the 2nd least expensive of 4 comparable homes on the market. At 306 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2007 (11 years newer than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in CHERNOSKY; a buyer's market based on recent absorption. Market data shows CHERNOSKY prices fallen 26.7% over the last half year. The closest comparable sale, 1615 Deloney ST, Austin TX 78721 at an adjusted $519,200, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CHERNOSKY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group