3801 Menchaca RD # 51, Austin TX 78704

The estimated value of this property is $296,527, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $243,000 and $253,000. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in 78704. Built in 1982, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.11 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 78704; a buyer's market based on recent absorption. Recent trends in 78704 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 3801 Menchaca RD # 4, Austin TX 78704, with an adjusted value of $316,183; a strong comparable. Based on 5 relevant data points in 78704, 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