3001 Cedar ST # 316, Austin TX 78705

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $261,505. I'd recommend coming to market at $286,000 to $295,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in BENCHMARK CONDO, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Being 433 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1985, this home is 11 years newer than the average comp, which is reflected in the adjustments. Buyers in BENCHMARK CONDO have 7 comparable options right now, with asking prices between $215,000 and $294,500. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 3001 Cedar ST # A313, Austin TX 78705 nearby adjusts to $256,977; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group