1208 Newning Ave, Austin TX 78704

Taking into account 7 nearby comparable sales, this property's estimated value comes to $1,254,023. If we were to list this property today, I'd recommend a list price in the $598,000 to $608,000 range. Buyers shopping in FAIRVIEW PARK right now would see this as a well positioned option among 7 comparable homes. At 404 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1890 (53 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in FAIRVIEW PARK; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 5.7%. The best comp here is 1811 Brackenridge ST, Austin TX 78704 at an adjusted value of $1,756,497, with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in FAIRVIEW PARK. 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