3501 Neal ST, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $382,777. I'd recommend coming to market at $467,000 to $477,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in CHERICO, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (125 sqft vs the comp average) plays a role in how the market prices it. Built in 1940, this home is 18 years older than the average comp, which is reflected in the adjustments. The active market in CHERICO includes 7 comparable homes priced from $379,999 to $499,999. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 2904 Castro ST, Austin TX 78702 nearby adjusts to $340,441; a strong comparable. Based on 7 relevant data points in CHERICO, 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