3114 S Congress Ave # 204, Austin TX 78704

The market data from 7 similar recent sales in BRACKENRIDGE HEIGHTS points to a value of approximately $479,188. To sell within a reasonable timeframe at fair market value, the $243,000 to $253,000 range is where I'd position this. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in BRACKENRIDGE HEIGHTS. The smaller floor plan (720 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2016 construction puts this home 8 years newer than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in BRACKENRIDGE HEIGHTS; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 2800 Treble LN # 831, Austin TX 78704, adjusting to $387,888; with a larger floor plan. 7 comparable transactions in BRACKENRIDGE HEIGHTS 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