2503 E 4th ST, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $445,052. I'd recommend coming to market at $375,000 to $385,000 to strike the right balance between value and market velocity. Against 5 similar active listings in CHERNOSKY M, this price point lands at the most expensive of 5 comparable homes on the market. This home's smaller footprint (862 sqft vs the comp average) plays a role in how the market prices it. Built in 1938, this home is 59 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in CHERNOSKY M (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 2507 Diaz ST, Austin TX 78702 nearby adjusts to $350,732; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group