2107 Chestnut Ave, Austin TX 78722

After reviewing 6 recent transactions in SUNRISE, I estimate this property's value at $603,045. A competitive list price for this home right now would fall in the $615,000 to $640,000 range. This home's position in the current SUNRISE market: the 4th most expensive of 7 comparable homes on the market among comparable properties. At 6 years older than typical comps, the 2002 build date influences the valuation. The larger lot (0.16 acres versus the area average of 0.10) contributes to the valuation. Buyers in SUNRISE have 7 comparable options right now, with asking prices between $549,900 and $650,000. Prices in 78722 have fallen 8.7% over the last 6 months. A similar home at 1701 Maple Ave # 1, Austin TX 78702 carries an adjusted comparable value of $640,391, providing a strong data point. With 6 comparable sales in SUNRISE, 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