2008-2016 Cesar Chavez ST, Austin TX 78702

Taking into account 7 nearby comparable sales, this property's estimated value comes to $513,879. If we were to list this property today, I'd recommend a list price in the $386,000 to $396,000 range. Buyers shopping in FAIR GROUNDS right now would see this as a well positioned option among 7 comparable homes. Being built in 1920 (47 years older than comps) is factored into the value estimate. Lot size matters here: 0.44 acres versus 0.09 for the typical comp. Current inventory shows 7 comparable homes in FAIR GROUNDS; a buyer's market based on recent absorption. The 6 month price trend in 78702: fallen 2.9%. The best comp here is 2202 E 2 1/2 ST, Austin TX 78702 at an adjusted value of $616,980, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in FAIR GROUNDS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group