2911 E 16th ST, Austin TX 78702

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $373,602. I'd recommend coming to market at $206,000 to $216,000 to strike the right balance between value and market velocity. Among the similar homes currently available in CHERNOSKY, this price point stands out as competitive. Built in 1955, this home is 10 years older than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in CHERNOSKY, listed between $219,900 and $625,000. The trend in CHERNOSKY shows prices have fallen 31.9% in the past 6 months. 2904 Castro ST, Austin TX 78702 nearby adjusts to $343,200; with a smaller floor plan. Based on 7 relevant data points in CHERNOSKY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX