3001 Cedar ST # 103, Austin TX 78705

Reviewing the most recent comparable transactions, this home's market value falls around $248,545. For a well positioned listing in BENCHMARK CONDO, I'd target the $274,000 to $277,000 range. With 5 comparable homes on the market in BENCHMARK CONDO, this price positions the property as 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. With 5 similar homes currently listed in BENCHMARK CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78705 show home values have fallen 11.7% since 6 months ago. The most comparable recent sale is 3115 Tom Green ST # 202, Austin TX 78705, with an adjusted value of $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