3204 MENCHACA RD # 712, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $282,737. I'd recommend coming to market at $169,000 to $179,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in IVY CONDO THE, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 468 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2008, this home is 23 years newer than the average comp, which is reflected in the adjustments. The active market in IVY CONDO THE includes 7 comparable homes priced from $194,900 to $565,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3204 Menchaca RD # 710, Austin TX 78704 nearby adjusts to $197,765; a strong comparable. Based on 7 relevant data points in IVY CONDO THE, 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