3605 Meredith ST # B, Austin TX 78703

The market data from 7 similar recent sales in ROCKWAY points to a value of approximately $871,983. To sell within a reasonable timeframe at fair market value, the $425,000 to $435,000 range is where I'd position this. With 7 comparable homes on the market in ROCKWAY, this price positions the property as the most expensive of 7 comparable homes on the market. Being 230 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1963 construction puts this home 5 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in ROCKWAY, listed between $389,000 and $500,000. In 78703, home values have fallen approximately 5.4% over the past 6 months. One of the strongest data points is 1307 Norwalk LN # 206, Austin TX 78703, adjusting to $462,910; with a smaller floor plan and a pool. 7 comparable transactions in ROCKWAY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group