2220 Leon ST # 201, Austin TX 78705

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $238,342. I'd recommend coming to market at $231,000 to $245,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 2220 LEON CONDO, this price point lands at the most affordable of 5 comparable homes on the market. Built in 1972, this home is 9 years older than the average comp, which is reflected in the adjustments. The 0.02 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in 2220 LEON CONDO; a buyer's market based on recent absorption. The trend in 78705 shows prices have fallen 18.4% in the past 6 months. 2216 San Gabriel ST # 108, Austin TX 78705 nearby adjusts to $211,088; a strong comparable. Based on 3 relevant data points in 2220 LEON CONDO, 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