6800 Menchaca RD # 29, Austin TX 78745

After reviewing 7 recent transactions in SOMA, I estimate this property's value at $486,372. A competitive list price for this home right now would fall in the $453,000 to $464,000 range. This pricing would rank the home as the most expensive of 6 comparable homes on the market in SOMA's current inventory. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. Buyers in SOMA have 6 comparable options right now, with asking prices between $424,990 and $450,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 6800 Menchaca RD # 31, Austin TX 78745 carries an adjusted comparable value of $419,646, providing a strong data point. With 7 comparable sales in SOMA, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group