1605 Chelsea LN # 2, Austin TX 78704

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $793,615. I'd recommend coming to market at $905,000 to $974,000 to strike the right balance between value and market velocity. Against 3 similar active listings in TRAVIS HEIGHTS, this price point lands at the most affordable of 3 comparable homes on the market. Being 406 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2018, this home is 16 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in TRAVIS HEIGHTS (a buyer's market), competition is a factor to consider. The trend in TRAVIS HEIGHTS shows prices have fallen 16.6% in the past 6 months. 1118 Algarita Ave # 1, Austin TX 78704 nearby adjusts to $611,271; a strong comparable. Based on 7 relevant data points in TRAVIS HEIGHTS, 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