1706 Newning Ave # B, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $652,830. Based on how the local market is moving, a list price between $414,000 and $424,000 would position this home well. This home's position in the current FAIRVIEW PARK market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 22 years newer than typical comps, the 1985 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. With 7 similar homes currently listed in FAIRVIEW PARK (a balanced market), competition is a factor to consider. The 6 month price trend in FAIRVIEW PARK: fallen 53%. The best comp here is 500 E Riverside DR # 224, Austin TX 78704 at an adjusted value of $488,171, a strong comparable. With 7 comparable sales in FAIRVIEW PARK, 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