After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $454,984. Pricing this home between $441,000 and $469,000 would put it in the competitive sweet spot for ORCHARD CONDO. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in ORCHARD CONDO's current inventory. At 191 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 5 similar properties are competing for buyers in ORCHARD CONDO, listed between $429,999 and $599,950. Market data shows 78702 prices fallen 4.7% over the last half year. The closest comparable sale, 3007 E 12th ST # 4, Austin TX 78702 at an adjusted $373,258, is with a smaller floor plan. The comp data here (3 sales in ORCHARD CONDO) 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