1202 Newning Ave # 201, Austin TX 78704

The market data from 3 similar recent sales in MADRID CONDO points to a value of approximately $382,146. To sell within a reasonable timeframe at fair market value, the $313,000 to $323,000 range is where I'd position this. Among the similar homes currently available in MADRID CONDO, this price point stands out as competitive. The 1966 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.03 acres, the lot is smaller than the 0.07 acre comp average, which factors into pricing. 7 similar homes are currently available in MADRID CONDO, creating a buyer's market for this price range. In 78704, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 2215 Post RD # 2070, Austin TX 78704, adjusting to $311,066; a strong comparable. 3 comparable transactions in MADRID CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group