200 Congress Ave, Austin TX 78701

Based on 7 closed sales in TONIAN, the data points to a value around $3,517,589 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $3,014,000 to $3,024,000. Relative to what's currently available in TONIAN, this home would be the most expensive of 4 comparable homes on the market. Being 1,304 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.01 acres versus 0.04 for the typical comp. Right now, 4 similar properties are competing for buyers in TONIAN, listed between $2,500,000 and $5,582,000. Market data shows 78701 prices fallen 19.2% over the last half year. The closest comparable sale, 802 Pressler ST, Austin TX 78703 at an adjusted $2,839,795, is with a smaller floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in TONIAN. 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