2515 E 5th ST, Austin TX 78702

The market data from 7 similar recent sales in CHERNOSKY M points to a value of approximately $471,415. To sell within a reasonable timeframe at fair market value, the $351,000 to $361,000 range is where I'd position this. Against 3 similar active listings in CHERNOSKY M, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 629 sqft smaller than the typical comp, the size difference factors into the valuation. The 1940 construction puts this home 47 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in CHERNOSKY M (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 2507 Diaz ST, Austin TX 78702, adjusting to $356,568; with a smaller floor plan. 7 comparable transactions in CHERNOSKY M support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group