1705 Cedar Ave # 1, Austin TX 78702

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $680,406. Pricing this home between $525,000 and $535,000 would put it in the competitive sweet spot for CHESTNUT. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in CHESTNUT's current inventory. The smaller lot (0.00 acres versus the area average of 0.13) contributes to the valuation. There are currently 7 similar homes on the market in CHESTNUT, ranging from $509,900 to $799,000. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 1802 Maple Ave # A, Austin TX 78702 at an adjusted $707,957, is a strong comparable. With 7 comparable sales in CHESTNUT, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group