3100 Menchaca RD # 15, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $634,450. To generate strong buyer interest while maximizing value, I'd price this between $647,000 and $683,000. With 3 comparable homes on the market in 78704, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 0.05 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. With 3 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3100 Menchaca RD # 6, Austin TX 78704 nearby adjusts to $591,939; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group