1300 Newning Ave # 206, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $359,248. I'd recommend coming to market at $231,000 to $241,000 to strike the right balance between value and market velocity. Against 4 similar active listings in NEWNING OAKS CONDO, this price point lands at the most expensive of 4 comparable homes on the market. Built in 1963, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in NEWNING OAKS CONDO; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 5.3% in the past 6 months. 500 E Riverside DR # 133, Austin TX 78704 nearby adjusts to $408,070; a strong comparable. Based on 3 relevant data points in NEWNING OAKS CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX