3114 S Congress Ave # 209, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $388,472. For a well positioned listing in 3114 SOCO CONDOS, I'd target the $503,000 to $514,000 range. Against 7 similar active listings in 3114 SOCO CONDOS, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 2016 construction puts this home 17 years newer than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.11 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 3114 SOCO CONDOS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 1.6% since 6 months ago. The most comparable recent sale is 2800 Treble LN # 831, Austin TX 78704, with an adjusted value of $345,444; a strong comparable. 7 comparable transactions in 3114 SOCO CONDOS 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