3114 S Congress Ave # 304, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $310,937. I'd recommend coming to market at $235,000 to $245,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in 78704, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 495 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2016, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in 78704; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3018 S 1st ST # 204, Austin TX 78704 nearby adjusts to $174,587; a strong comparable. Based on 7 relevant data points in 78704, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX