1501 E Cesar Chavez ST, Austin TX 78702

The market data from 7 similar recent sales in WELCH points to a value of approximately $567,042. To sell within a reasonable timeframe at fair market value, the $382,000 to $392,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in WELCH. The 1910 construction puts this home 61 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in WELCH; a balanced market based on recent absorption. One of the strongest data points is 1404 Garden # 2A, Austin TX 78702, adjusting to $469,495; 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