4361 S Congress Ave # 425, Austin TX 78745

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $165,442. I'd recommend coming to market at $325,000 to $329,000 to strike the right balance between value and market velocity. Against 4 similar active listings in PUBLIC LOFTS, this price point lands at the most affordable of 4 comparable homes on the market. The larger floor plan (162 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2018, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in PUBLIC LOFTS; a buyer's market based on recent absorption. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 4315 S Congress Ave # 308, Austin TX 78745 nearby adjusts to $158,850; with a smaller floor plan. Based on 3 relevant data points in PUBLIC LOFTS, 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