1202 Newning Ave # 212, Austin TX 78704

Based on 6 closed sales in MADRID CONDO, the data points to a value around $243,681 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $253,000 to $263,000. Buyers shopping in MADRID CONDO right now would see this as a well positioned option among 4 comparable homes. Being built in 1966 (9 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in MADRID CONDO; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 1.2% over the last half year. The closest comparable sale, 2020 S Congress Ave # 2213, Austin TX 78704 at an adjusted $269,170, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in MADRID CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group