After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $434,152. Pricing this home between $478,000 and $490,000 would put it in the competitive sweet spot for ORCHARD CONDO. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in ORCHARD CONDO's current inventory. At 164 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 3 similar properties are competing for buyers in ORCHARD CONDO, listed between $399,000 and $499,000. Market data shows 78702 prices fallen 6.9% over the last half year. The closest comparable sale, 3007 E 12th ST # 4, Austin TX 78702 at an adjusted $373,625, 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