1601 Miriam Ave # 302, Austin TX 78702

The comparable sales data (4 recent transactions in CHESTNUT COMMONS) supports an estimated value of $610,993. The data suggests a list price between $492,000 and $502,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in CHESTNUT COMMONS's current inventory. Being built in 2008 (5 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.09 for the typical comp. With 7 similar homes currently listed in CHESTNUT COMMONS (a buyer's market), competition is a factor to consider. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 1701 Maple Ave # 1, Austin TX 78702 carries an adjusted comparable value of $586,787, providing a strong data point. The strength of this estimate comes from 4 directly comparable sales in CHESTNUT COMMONS. 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