My analysis of 7 comparable properties puts this home's estimated value at $642,461. Based on how the local market is moving, a list price between $388,000 and $398,000 would position this home well. This would position the home competitively among 7 active listings in PENTHOUSE CONDOMINIUMS. At 20 years older than typical comps, the 1973 build date influences the valuation. There are currently 7 similar homes on the market in PENTHOUSE CONDOMINIUMS, ranging from $400,000 to $845,000. The 6 month price trend in 78701: fallen 9.8%. The best comp here is 1212 Guadalupe ST # 805, Austin TX 78701 at an adjusted value of $390,455, a strong comparable. With 7 comparable sales in PENTHOUSE CONDOMINIUMS, 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