1300 NEWNING Ave # 203, Austin TX 78704

The market data from 5 similar recent sales in FARVIEW PARK points to a value of approximately $235,072. To sell within a reasonable timeframe at fair market value, the $436,000 to $462,000 range is where I'd position this. With 7 comparable homes on the market in FARVIEW PARK, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1963 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in FARVIEW PARK; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 1.6% over the past 6 months. One of the strongest data points is 1500 East Side DR # 219A, Austin TX 78704, adjusting to $258,316; a strong comparable. 5 comparable transactions in FARVIEW PARK 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