4801 S Congress Ave # A5, Austin TX 78745

The market data from 7 similar recent sales in BEL AIR CONDO points to a value of approximately $272,602. To sell within a reasonable timeframe at fair market value, the $264,000 to $281,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in BEL AIR CONDO. This home's smaller footprint (163 sqft vs the comp average) plays a role in how the market prices it. The 2006 construction puts this home 9 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BEL AIR CONDO; a buyer's market based on recent absorption. In 78745, home values have fallen approximately 5.2% over the past 6 months. One of the strongest data points is 4801 S Congress Ave # A1, Austin TX 78745, adjusting to $296,020; a strong comparable. 7 comparable transactions in BEL AIR CONDO 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