1122 Colorado ST # 1702, Austin TX 78701

The market data from 7 similar recent sales in WESTGATE CONDO points to a value of approximately $551,386. To sell within a reasonable timeframe at fair market value, the $540,000 to $562,000 range is where I'd position this. With 7 comparable homes on the market in WESTGATE CONDO, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1965 construction puts this home 17 years older than the comp average, a factor in the pricing. The active market in WESTGATE CONDO includes 7 comparable homes priced from $429,000 to $704,000. In 78701, home values have fallen approximately 12.8% over the past 6 months. One of the strongest data points is 1122 Colorado ST # 1902, Austin TX 78701, adjusting to $569,742; a strong comparable. The 7 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