1802 Sanchez ST, Austin TX 78702

The market data from 7 similar recent sales in DIVISION points to a value of approximately $801,619. To sell within a reasonable timeframe at fair market value, the $500,000 to $510,000 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 larger floor plan (130 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1920 construction puts this home 38 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. In DIVISION, home values have risen approximately 1% over the past 6 months. One of the strongest data points is 1304 Alamo ST, Austin TX 78702, adjusting to $529,337; 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