The estimated value of this property is $367,345, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $360,000 and $375,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in HOLLOW CREEK CONDO. At 122 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1971, this home is 7 years older than the average comp, which is reflected in the adjustments. The active market in HOLLOW CREEK CONDO includes 7 comparable homes priced from $259,000 to $364,990. Recent trends in 78704 show home values have fallen 3% since 6 months ago. The most comparable recent sale is 1208 Hollow Creek # 105, Austin TX 78704, with an adjusted value of $383,983; 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