1318 Newning, Austin TX 78704

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $811,945. Pricing this home between $559,000 and $569,000 would put it in the competitive sweet spot for 78704. This home's position in the current 78704 market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The smaller lot (0.00 acres versus the area average of 0.09) contributes to the valuation. With 4 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 2.8% over the last half year. The closest comparable sale, 310 Terrace DR # B, Austin TX 78704 at an adjusted $804,601, is a strong comparable. With 7 comparable sales in 78704, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group