1516 Chelsea LN, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $786,365. To generate strong buyer interest while maximizing value, I'd price this between $306,000 and $316,000. In the current TRAVIS HEIGHTS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The smaller floor plan (240 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.33 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in TRAVIS HEIGHTS, listed between $299,999 and $875,000. The trend in TRAVIS HEIGHTS shows prices have risen 17.5% in the past 6 months. 1116 Mission RDG, Austin TX 78704 nearby adjusts to $707,921; with a larger floor plan. 7 comparable transactions in TRAVIS HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group