405 Pedernales ST, Austin TX 78702

After reviewing 7 recent transactions in CHERNOSKY M, I estimate this property's value at $469,126. A competitive list price for this home right now would fall in the $514,000 to $588,000 range. Relative to what's currently available in CHERNOSKY M, this home would be the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (657 sqft vs the comp average) plays a role in how the market prices it. At 34 years older than typical comps, the 1953 build date influences the valuation. Current inventory shows 3 comparable homes in CHERNOSKY M; a buyer's market based on recent absorption. Prices in 78702 have fallen 7% over the last 6 months. A similar home at 511 Allen ST, Austin TX 78702 carries an adjusted comparable value of $435,526, providing a strong data point. The comp data here (7 sales in CHERNOSKY M) 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