1703 Sanchez ST # B, Austin TX 78702

The market data from 7 similar recent sales in DIVISION points to a value of approximately $657,197. To sell within a reasonable timeframe at fair market value, the $470,000 to $480,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in DIVISION. The 2017 construction puts this home 49 years newer than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. With 7 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. In DIVISION, home values have risen approximately 20.1% over the past 6 months. One of the strongest data points is 3101 Govalle Ave # 215, Austin TX 78702, adjusting to $471,700; a strong comparable. 7 comparable transactions in DIVISION 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