1515 Chelsea LN, Austin TX 78704

Based on 6 closed sales in DELVALLE, the data points to a value around $2,034,542 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,467,000 to $2,679,000. This pricing would rank the home as the most affordable of 4 comparable homes on the market in DELVALLE's current inventory. This home's larger footprint (400 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.24 acres versus 0.18 for the typical comp. Current inventory shows 4 comparable homes in DELVALLE; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 4.7% over the last half year. The closest comparable sale, 2116 Clifton ST, Austin TX 78704 at an adjusted $2,333,213, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in DELVALLE. 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