1202 Newning Ave # 204, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $597,316. I'd recommend coming to market at $585,000 to $609,000 to strike the right balance between value and market velocity. In the current MADRID CONDOMINIUMS market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. The 0.00 acre lot (smaller than the 0.11 acre average) is reflected in the estimate. Buyers in MADRID CONDOMINIUMS have 2 comparable options right now, with asking prices between $542,500 and $749,000. The trend in 78704 shows prices have fallen 3% in the past 6 months. 2003 Alameda DR, Austin TX 78704 nearby adjusts to $694,379; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group