1601 Miriam Ave # 306, Austin TX 78702

After reviewing 7 recent transactions in CHESTNUT COMMONS CONDO COMMUNITY, I estimate this property's value at $582,293. A competitive list price for this home right now would fall in the $318,000 to $328,000 range. This home's position in the current CHESTNUT COMMONS CONDO COMMUNITY market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. At 18 years newer than typical comps, the 2007 build date influences the valuation. The smaller lot (0.06 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 7 comparable homes in CHESTNUT COMMONS CONDO COMMUNITY; a buyer's market based on recent absorption. Prices in 78702 have fallen 7% over the last 6 months. A similar home at 1601 Miriam Ave # 304, Austin TX 78702 carries an adjusted comparable value of $471,801, providing a strong data point. The comp data here (7 sales in CHESTNUT COMMONS CONDO COMMUNITY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus