2208 E 18th ST # A, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $522,030. For a well positioned listing in CHESTNUT, I'd target the $260,000 to $270,000 range. With 3 comparable homes on the market in CHESTNUT, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 154 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1947 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in CHESTNUT, listed between $224,990 and $634,999. Recent trends in 78702 show home values have fallen 8.1% since 6 months ago. The most comparable recent sale is 2947 Eckert ST, Austin TX 78722, with an adjusted value of $331,112; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group