The estimated value of this property is $470,020, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $342,000 and $352,000. At this price, the property would be the 3rd most expensive of 6 comparable homes on the market comparable homes currently on the market in SPRINGS CONDOS. Built in 1971, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in SPRINGS CONDOS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 1.6% since 6 months ago. The most comparable recent sale is 2306 Arpdale ST # A, Austin TX 78704, with an adjusted value of $524,428; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group