1101 Elm ST # 1101, Austin TX 78703

Based on 7 closed sales in ELMCOURT CONDOMINIUMS, the data points to a value around $1,755,570 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,516,000 to $1,526,000. Relative to what's currently available in ELMCOURT CONDOMINIUMS, this home would be the 3rd most expensive of 7 comparable homes on the market. Being 118 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1982 (24 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in ELMCOURT CONDOMINIUMS (a buyer's market), competition is a factor to consider. Market data shows 78703 prices risen 5.8% over the last half year. The closest comparable sale, 1109 Elm ST # D, Austin TX 78703 at an adjusted $2,134,093, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ELMCOURT CONDOMINIUMS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group