6800 Menchaca RD # 21, Austin TX 78745

My analysis of 7 comparable properties puts this home's estimated value at $402,449. Based on how the local market is moving, a list price between $346,000 and $356,000 would position this home well. Relative to what's currently available in SOMA, this home would be the 3rd most expensive of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.17) contributes to the valuation. With 7 similar homes currently listed in SOMA (a buyer's market), competition is a factor to consider. The 6 month price trend in 78745: fallen 2.5%. The best comp here is 1802 Jentsch CT # A, Austin TX 78745 at an adjusted value of $346,992, with a larger floor plan. The comp data here (7 sales in SOMA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus