6800 Menchaca RD # 35, Austin TX 78745

The estimated value of this property is $490,918, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $405,000 and $415,000. Against 3 similar active listings in SOMA, this price point lands at the most expensive of 3 comparable homes on the market. At 125 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.00 acre lot (smaller than the 0.18 acre average) is reflected in the estimate. With 3 similar homes currently listed in SOMA (a buyer's market), competition is a factor to consider. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 6410 cannonleague DR # 2, Austin TX 78745, with an adjusted value of $651,596; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group