908 E 32nd ST # 101, Austin TX 78705

The market data from 4 similar recent sales in HANCOCK PLACE CONDO points to a value of approximately $234,497. To sell within a reasonable timeframe at fair market value, the $256,000 to $264,000 range is where I'd position this. With 6 comparable homes on the market in HANCOCK PLACE CONDO, this price positions the property as the most affordable of 6 comparable homes on the market. The 1965 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in HANCOCK PLACE CONDO, ranging from $225,000 to $279,900. In 78705, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 3110 Red River ST # 212, Austin TX 78705, adjusting to $243,243; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group