1101 Elm ST # 1101, Austin TX 78703

Based on 7 closed sales in ELMCOURT CONDOMINIUMS, the data points to a value around $1,767,419 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,732,000 to $1,803,000. Relative to what's currently available in ELMCOURT CONDOMINIUMS, this home would be the 4th most expensive of 7 comparable homes on the market. Being built in 1982 (25 years older than comps) is factored into the value estimate. Lot size matters here: 0.09 acres versus 0.04 for the typical comp. 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 $2,135,369, 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