1602 Chestnut Ave, Austin TX 78702

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $403,401. I'd recommend coming to market at $509,000 to $525,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78702, this price point stands out as competitive. The 0.16 acre lot (larger than the 0.08 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in 78702, listed between $450,000 and $550,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 1210 Coleto ST, Austin TX 78702 nearby adjusts to $548,206; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group