The market data from 7 similar recent sales in KINNEY LOFTS CONDO points to a value of approximately $913,843. To sell within a reasonable timeframe at fair market value, the $1,001,000 to $1,033,000 range is where I'd position this. In the current KINNEY LOFTS CONDO market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. This home's larger footprint (127 sqft vs the comp average) plays a role in how the market prices it. The 2006 construction puts this home 5 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in KINNEY LOFTS CONDO (a buyer's market), competition is a factor to consider. In 78704, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 1812 Village Oak CT, Austin TX 78704, adjusting to $884,138; a strong comparable. 7 comparable transactions in KINNEY LOFTS CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group