1601 Miriam Ave # 100, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $596,371. I'd recommend coming to market at $488,000 to $498,000 to strike the right balance between value and market velocity. Against 7 similar active listings in CHESTNUT COMMONS A CONDO, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (161 sqft vs the comp average) plays a role in how the market prices it. Built in 2007, this home is 8 years older than the average comp, which is reflected in the adjustments. The active market in CHESTNUT COMMONS A CONDO includes 7 comparable homes priced from $509,900 to $799,000. The trend in 78702 shows prices have fallen 3.3% in the past 6 months. 2935 Moss ST # 1, Austin TX 78722 nearby adjusts to $544,080; with a larger floor plan. Based on 3 relevant data points in CHESTNUT COMMONS A CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX