6800 Manchaca RD # 16, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $462,461. To generate strong buyer interest while maximizing value, I'd price this between $349,000 and $359,000. With 5 comparable homes on the market in SOMA, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. 5 similar homes are currently available in SOMA, creating a buyer's market for this price range. The trend in 78745 shows prices have risen 2.9% in the past 6 months. 6406 Cannonleague #1 DR, Austin TX 78745 nearby adjusts to $647,437; with a smaller floor plan. 7 comparable transactions in SOMA 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