3005 Castro ST # 1, Austin TX 78702

The market data from 3 similar recent sales in CHERNOSKY points to a value of approximately $578,067. To sell within a reasonable timeframe at fair market value, the $646,000 to $659,000 range is where I'd position this. Against 3 similar active listings in CHERNOSKY, this price point lands at the most affordable of 3 comparable homes on the market. This home's larger footprint (228 sqft vs the comp average) plays a role in how the market prices it. At 0.14 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in CHERNOSKY; a buyer's market based on recent absorption. In CHERNOSKY, home values have fallen approximately 31.3% over the past 6 months. One of the strongest data points is 1406 Cometa ST # 1, Austin TX 78721, adjusting to $625,424; with a larger floor plan. The 3 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