916 E 32nd ST # 203, Austin TX 78705

After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $236,372. Pricing this home between $258,000 and $261,000 would put it in the competitive sweet spot for HANCOCK PLACE CONDO. Relative to what's currently available in HANCOCK PLACE CONDO, this home would be the most affordable of 5 comparable homes on the market. At 5 years older than typical comps, the 1965 build date influences the valuation. The smaller lot (0.04 acres versus the area average of 0.09) contributes to the valuation. Current inventory shows 5 comparable homes in HANCOCK PLACE CONDO; a buyer's market based on recent absorption. Market data shows 78705 prices fallen 12% over the last half year. The closest comparable sale, 3110 Red River ST # 212, Austin TX 78705 at an adjusted $245,559, is with a smaller floor plan. With 4 comparable sales in HANCOCK PLACE CONDO, 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