1318-C Newning Ave # C, Austin TX 78704

The estimated value of this property is $770,749, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $498,000 and $508,000. Against 7 similar active listings in 78704, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 218 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2006, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in 78704, ranging from $515,000 to $1,350,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 1227 Newning Ave # 3, Austin TX 78704, with an adjusted value of $707,646; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group