The estimated value of this property is $388,581, based on 4 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $309,000 and $319,000. Against 3 similar active listings in SPRINGHOLLOW CONDO, this price point lands at the most expensive of 3 comparable homes on the market. The larger floor plan (182 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1981, this home is 6 years newer than the average comp, which is reflected in the adjustments. The active market in SPRINGHOLLOW CONDO includes 3 comparable homes priced from $305,000 to $429,900. Recent trends in 78704 show home values have fallen 4% since 6 months ago. The most comparable recent sale is 1135 Barton Hills DR # 240, Austin TX 78704, with an adjusted value of $420,000; a strong comparable. With 4 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
