1601 Miriam Ave # 303, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $549,588. For a well positioned listing in CHESTNUT COMMONS, I'd target the $623,000 to $646,000 range. With 3 comparable homes on the market in CHESTNUT COMMONS, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 121 sqft size difference versus comparable sales is reflected in the adjusted values. The 2007 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in CHESTNUT COMMONS; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 1601 Miriam Ave # 100, Austin TX 78702, with an adjusted value of $442,200; a strong comparable. 4 comparable transactions in CHESTNUT COMMONS 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