1202 Newning Ave # 101, Austin TX 78704

Based on 7 closed sales in MADRID, the data points to a value around $313,318 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $486,000 to $545,000. Relative to what's currently available in MADRID, this home would be the 2nd least expensive of 7 comparable homes on the market. Being built in 1966 (16 years older than comps) is factored into the value estimate. 7 similar homes are currently available in MADRID, creating a buyer's market for this price range. Market data shows 78704 prices fallen 1.9% over the last half year. The closest comparable sale, 743 E Oltorf ST # 203, Austin TX 78704 at an adjusted $284,784, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in MADRID. 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