3204 Manchaca RD # 704, Austin TX 78704

The estimated value of this property is $234,966, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $169,000 and $179,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in IVY/78704 CONDOS. This home's smaller footprint (290 sqft vs the comp average) plays a role in how the market prices it. Built in 1985, this home is 7 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in IVY/78704 CONDOS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 3204 Menchaca RD # 710, Austin TX 78704, with an adjusted value of $185,000; a strong comparable. Based on 7 relevant data points in IVY/78704 CONDOS, 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