1202 Newning Ave # 208, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $217,273. To generate strong buyer interest while maximizing value, I'd price this between $213,000 and $222,000. In the current MADRID CONDO market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. At 0.02 acres, the lot is smaller than the 0.07 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in MADRID CONDO, ranging from $199,900 to $505,000. The trend in 78704 shows prices have fallen 0.6% in the past 6 months. 2020 S Congress Ave # 2213, Austin TX 78704 nearby adjusts to $265,766; a strong comparable. The 5 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