2504 E Cesar Chavez ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $846,904. For a well positioned listing in DIVISION, I'd target the $555,000 to $565,000 range. Against 7 similar active listings in DIVISION, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1932 construction puts this home 7 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. Recent trends in DIVISION show home values have risen 20.1% since 6 months ago. The most comparable recent sale is 907 E 15th ST, Austin TX 78702, with an adjusted value of $789,511; a strong comparable. The 7 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