1601 Miriam Ave # 307, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $554,227. For a well positioned listing in CHESTNUT COMMONS CONDO COMMUNITY, I'd target the $538,000 to $571,000 range. With 3 comparable homes on the market in CHESTNUT COMMONS CONDO COMMUNITY, this price positions the property as the most affordable of 3 comparable homes on the market. This home's smaller footprint (121 sqft vs the comp average) plays a role in how the market prices it. The 2007 construction puts this home 5 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in CHESTNUT COMMONS CONDO COMMUNITY (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 0.7% since 6 months ago. The most comparable recent sale is 2107 E 13th ST, Austin TX 78702, with an adjusted value of $680,631; with a smaller floor plan. The 5 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