1616 Canterbury ST # 1, Austin TX 78702

The market data from 7 similar recent sales in 78702 points to a value of approximately $889,913. To sell within a reasonable timeframe at fair market value, the $395,000 to $405,000 range is where I'd position this. Against 7 similar active listings in 78702, this price point lands at the most expensive of 7 comparable homes on the market. At 154 sqft smaller than the typical comp, the size difference factors into the valuation. The 2001 construction puts this home 16 years newer than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78702 (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 5.2% over the past 6 months. One of the strongest data points is 54 Robert T Martinez Jr ST, Austin TX 78702, adjusting to $707,820; a strong comparable. 7 comparable transactions in 78702 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group