1601 E Cesar Chavez ST # 205, Austin TX 78702

The estimated value of this property is $558,849, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $367,000 and $377,000. Among the similar homes currently available in WATERSTREET LOFTS, this price point stands out as competitive. The 518 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2007, this home is 20 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in WATERSTREET LOFTS; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 9% since 6 months ago. The most comparable recent sale is 2308 Canterbury ST, Austin TX 78702, with an adjusted value of $559,039; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group