3502-2 Neal ST, Austin TX 78702

After reviewing 6 recent transactions in CHERICO, I estimate this property's value at $531,399. A competitive list price for this home right now would fall in the $521,000 to $542,000 range. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in CHERICO's current inventory. At 7 years older than typical comps, the 2018 build date influences the valuation. The larger lot (0.25 acres versus the area average of 0.17) contributes to the valuation. Buyers in CHERICO have 7 comparable options right now, with asking prices between $248,900 and $750,000. Prices in 78702 have risen 1.5% over the last 6 months. A similar home at 517 Tillery ST # 1, Austin TX 78702 carries an adjusted comparable value of $567,820, providing a strong data point. The comp data here (6 sales in CHERICO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus