1300 Newning Ave # 204, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $235,130. I'd recommend coming to market at $436,000 to $462,000 to strike the right balance between value and market velocity. 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. Built in 1963, this home is 6 years older than the average comp, which is reflected in the adjustments. Buyers in FARVIEW PARK have 7 comparable options right now, with asking prices between $239,500 and $725,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 1500 East Side DR # 219A, Austin TX 78704 nearby adjusts to $258,285; a strong comparable. Based on 5 relevant data points in FARVIEW PARK, 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