2216 San Gabriel ST # 306, Austin TX 78705

The estimated value of this property is $287,014, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $331,000 and $344,000. Against 7 similar active listings in SOMERSET CONDOMINIUMS, this price point lands at the most affordable of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.06 acre average) is reflected in the estimate. 7 similar homes are currently available in SOMERSET CONDOMINIUMS, creating a buyer's market for this price range. Recent trends in 78705 show home values have fallen 11.1% since 6 months ago. The most comparable recent sale is 712 Graham PL # 201, Austin TX 78705, with an adjusted value of $281,672; a strong comparable. Based on 7 relevant data points in SOMERSET CONDOMINIUMS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX