3601 Manchaca RD # 108, Austin TX 78704

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $324,079. I'd recommend coming to market at $322,000 to $341,000 to strike the right balance between value and market velocity. Against 3 similar active listings in SANCTUARY, this price point lands at the 2nd most expensive of 3 comparable homes on the market. Built in 1974, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.05 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in SANCTUARY; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3601 Menchaca RD # 105, Austin TX 78704 nearby adjusts to $316,402; a strong comparable. Based on 7 relevant data points in SANCTUARY, 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