3001 Cedar ST # 303, Austin TX 78705

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $248,545. To generate strong buyer interest while maximizing value, I'd price this between $274,000 and $277,000. In the current BENCHMARK CONDO market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. The 1985 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.02 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in BENCHMARK CONDO; a buyer's market based on recent absorption. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 3115 Tom Green ST # 202, Austin TX 78705 nearby adjusts to $288,948; a strong comparable. 7 comparable transactions in BENCHMARK CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group