1609 Sanchez ST, Austin TX 78702

The estimated value of this property is $509,361, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $360,000 and $370,000. In the current 78702 market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Being 169 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.23 acre lot (larger than the 0.15 acre average) is reflected in the estimate. The active market in 78702 includes 7 comparable homes priced from $325,000 to $995,000. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 2204 Chestnut Ave, Austin TX 78722, with an adjusted value of $506,402; a strong comparable. With 5 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