3605 Meredith ST # B, Austin TX 78703

The market data from 3 similar recent sales in ROCKWAY points to a value of approximately $855,101. 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 186 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1963 construction puts this home 10 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in ROCKWAY, listed between $399,000 and $500,000. In 78703, home values have fallen approximately 0.5% over the past 6 months. One of the strongest data points is 1507 Elton LN # B, Austin TX 78703, adjusting to $599,253; with a larger floor plan. 3 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