1122 COLORADO ST # 2001, Austin TX 78701

My analysis of 7 comparable properties puts this home's estimated value at $1,281,244. Based on how the local market is moving, a list price between $1,050,000 and $1,060,000 would position this home well. This would position the home competitively among 7 active listings in WESTGATE CONDO. At 25 years older than typical comps, the 1965 build date influences the valuation. The smaller lot (0.01 acres versus the area average of 0.04) contributes to the valuation. With 7 similar homes currently listed in WESTGATE CONDO (a buyer's market), competition is a factor to consider. The 6 month price trend in 78701: fallen 25.6%. The best comp here is 1122 Colorado ST # 2007, Austin TX 78701 at an adjusted value of $890,495, with a smaller floor plan. With 7 comparable sales in WESTGATE CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group