904 W 18th ST, Austin TX 78701

The market data from 7 similar recent sales in CHESTNUT PLACE points to a value of approximately $814,466. To sell within a reasonable timeframe at fair market value, the $436,000 to $446,000 range is where I'd position this. In the current CHESTNUT PLACE market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 254 sqft size difference versus comparable sales is reflected in the adjusted values. The 1990 construction puts this home 17 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in CHESTNUT PLACE; a buyer's market based on recent absorption. In 78701, home values have fallen approximately 21.3% over the past 6 months. One of the strongest data points is 2825 Shoal Crest Ave, Austin TX 78705, adjusting to $1,294,821; with a smaller floor plan. The 7 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