2509 E 14th ST, Austin TX 78702

My analysis of 5 comparable properties puts this home's estimated value at $499,124. Based on how the local market is moving, a list price between $404,000 and $414,000 would position this home well. This would position the home competitively among 5 active listings in CHESTNUT. The smaller lot (0.00 acres versus the area average of 0.12) contributes to the valuation. With 5 similar homes currently listed in CHESTNUT (a buyer's market), competition is a factor to consider. The 6 month price trend in 78702: fallen 6.5%. The best comp here is 1905 E 16th ST # 2, Austin TX 78702 at an adjusted value of $523,227, a strong comparable. With 5 comparable sales in CHESTNUT, 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