1601 Miriam Ave # 207, Austin TX 78702

The market data from 7 similar recent sales in CHESTNUT COMMONS A CONDO points to a value of approximately $509,069. To sell within a reasonable timeframe at fair market value, the $244,000 to $254,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in CHESTNUT COMMONS A CONDO. The 2008 construction puts this home 15 years newer than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. 7 similar homes are currently available in CHESTNUT COMMONS A CONDO, creating a buyer's market for this price range. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 3010 E 18th 1/2 ST # B, Austin TX 78702, adjusting to $499,599; with a smaller 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