1307 Newning Ave # B, Austin TX 78704

Based on 5 closed sales in 78704, the data points to a value around $1,698,535 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,258,000 to $2,328,000. This would position the home competitively among 7 active listings in 78704. The larger floor plan (247 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2007 (6 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 2204 Lindell Ave, Austin TX 78704 at an adjusted $1,381,475, is with a larger floor plan. The strength of this estimate comes from 5 directly comparable sales in 78704. 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