The market data from 6 similar recent sales in PARK WEST CONDO points to a value of approximately $144,178. To sell within a reasonable timeframe at fair market value, the $149,000 to $150,000 range is where I'd position this. Against 1 similar active listings in PARK WEST CONDO, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (104 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. The active market in PARK WEST CONDO includes 1 comparable homes priced from $155,000 to $155,000. In PARK WEST CONDO, home values have fallen approximately 13.8% over the past 6 months. One of the strongest data points is 10616 Mellow Meadows DR # 21C, Austin TX 78750, adjusting to $150,000; a strong comparable. The 6 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