3001 CEDAR ST # 117, Austin TX 78705

The comparable sales data (3 recent transactions in BENCHMARK CONDOMINIUMS AMEND) supports an estimated value of $448,406. The data suggests a list price between $272,000 and $282,000 would attract qualified buyers without leaving money on the table. This home's position in the current BENCHMARK CONDOMINIUMS AMEND market: the most expensive of 7 comparable homes on the market among comparable properties. Lot size matters here: 0.00 acres versus 0.08 for the typical comp. With 7 similar homes currently listed in BENCHMARK CONDOMINIUMS AMEND (a buyer's market), competition is a factor to consider. Prices in 78705 have fallen 7.6% over the last 6 months. A similar home at 4015 Speedway # 1, Austin TX 78751 carries an adjusted comparable value of $359,825, providing a strong data point. The strength of this estimate comes from 3 directly comparable sales in BENCHMARK CONDOMINIUMS AMEND. 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