3204 Menchaca RD # 714, Austin TX 78704

The market data from 3 similar recent sales in IVY CONDO THE points to a value of approximately $205,922. To sell within a reasonable timeframe at fair market value, the $169,000 to $179,000 range is where I'd position this. Against 7 similar active listings in IVY CONDO THE, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Being 139 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1985 construction puts this home 7 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in IVY CONDO THE; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 900 S Lamar BLVD # 205, Austin TX 78704, adjusting to $179,260; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group