1711 Madison Ave # B, Austin TX 78757

Based on 7 closed sales in 78757, the data points to a value around $448,288 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $271,000 to $281,000. Buyers shopping in 78757 right now would see this as a well positioned option among 3 comparable homes. Being built in 2016 (31 years newer than comps) is factored into the value estimate. Lot size matters here: 0.09 acres versus 0.13 for the typical comp. With 3 similar homes currently listed in 78757 (a buyer's market), competition is a factor to consider. Market data shows 78757 prices risen 14% over the last half year. The closest comparable sale, 1301 Piedmont Ave, Austin TX 78757 at an adjusted $577,280, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78757. 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