3001 Cedar ST # 112, Austin TX 78705

After reviewing 3 recent transactions in BENCHMARK CONDO, I estimate this property's value at $340,284. A competitive list price for this home right now would fall in the $355,000 to $365,000 range. Relative to what's currently available in BENCHMARK CONDO, this home would be the 2nd least expensive of 6 comparable homes on the market. The smaller lot (0.02 acres versus the area average of 0.06) contributes to the valuation. 6 similar homes are currently available in BENCHMARK CONDO, creating a buyer's market for this price range. Prices in 78705 have fallen 12% over the last 6 months. A similar home at 203 E 31st ST # 304, Austin TX 78705 carries an adjusted comparable value of $337,384, providing a strong data point. With 3 comparable sales in BENCHMARK CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group