1202 Newning Ave # 210, Austin TX 78704

Based on 4 closed sales in MADRID CONDO, the data points to a value around $233,510 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $236,000 to $245,000. Relative to what's currently available in MADRID CONDO, this home would be the most expensive of 3 comparable homes on the market. Being built in 1966 (10 years older than comps) is factored into the value estimate. Lot size matters here: 0.02 acres versus 0.05 for the typical comp. With 3 similar homes currently listed in MADRID CONDO (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 1.2% over the last half year. The closest comparable sale, 300 Crockett ST # 209, Austin TX 78704 at an adjusted $223,149, is a strong comparable. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus