After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $490,740. Pricing this home between $511,000 and $514,000 would put it in the competitive sweet spot for ORCHARD CONDO. This pricing would rank the home as the 2nd most expensive of 5 comparable homes on the market in ORCHARD CONDO's current inventory. At 146 sqft smaller than the typical comp, the size difference factors into the valuation. At 8 years newer than typical comps, the 2015 build date influences the valuation. Right now, 5 similar properties are competing for buyers in ORCHARD CONDO, listed between $418,000 and $599,950. Market data shows 78702 prices risen 1.5% over the last half year. The closest comparable sale, 3007 E 12th ST # 4, Austin TX 78702 at an adjusted $373,126, is with a smaller floor plan. The comp data here (7 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