1708 Newning Ave # A, Austin TX 78704

Based on 4 closed sales in FAIRVIEW PARK CONDO, the data points to a value around $550,850 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $388,000 to $398,000. This home's position in the current FAIRVIEW PARK CONDO market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being built in 1985 (5 years newer than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.10 for the typical comp. With 7 similar homes currently listed in FAIRVIEW PARK CONDO (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 2215 Post RD # 1034, Austin TX 78704 at an adjusted $352,420, is with a smaller floor plan. The strength of this estimate comes from 4 directly comparable sales in FAIRVIEW PARK CONDO. 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