1300 Newning Ave # 108, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $309,936. To generate strong buyer interest while maximizing value, I'd price this between $253,000 and $263,000. Against 3 similar active listings in FARVIEW PARK, this price point lands at the most expensive of 3 comparable homes on the market. The 1963 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.03 acre comp average, which factors into pricing. The active market in FARVIEW PARK includes 3 comparable homes priced from $265,000 to $725,000. The trend in 78704 shows prices have fallen 1.8% in the past 6 months. 500 E Riverside DR # 133, Austin TX 78704 nearby adjusts to $373,738; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group