My analysis of 3 comparable properties puts this home's estimated value at $222,492. Based on how the local market is moving, a list price between $276,000 and $298,000 would position this home well. This pricing would rank the home as the most affordable of 7 comparable homes on the market in BOULEVARD A CONDO's current inventory. The 141 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in BOULEVARD A CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78741: fallen 12.6%. The best comp here is 6900 E Riverside DR # 17, Austin TX 78741 at an adjusted value of $224,037, with a larger floor plan. With 3 comparable sales in BOULEVARD A 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
