1202 Newning Ave # 112, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $243,629. I'd recommend coming to market at $245,000 to $263,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in MADRID CONDO. Built in 1966, this home is 9 years older than the average comp, which is reflected in the adjustments. Buyers in MADRID CONDO have 4 comparable options right now, with asking prices between $225,000 and $280,000. The trend in 78704 shows prices have fallen 4.7% in the past 6 months. 2020 S Congress Ave # 2213, Austin TX 78704 nearby adjusts to $269,170; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group