The market data from 7 similar recent sales in PENTHOUSE CONDO points to a value of approximately $349,412. To sell within a reasonable timeframe at fair market value, the $242,000 to $252,000 range is where I'd position this. In the current PENTHOUSE CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 355 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 3 similar properties are competing for buyers in PENTHOUSE CONDO, listed between $275,000 and $330,000. In 78701, home values have risen approximately 0.8% over the past 6 months. One of the strongest data points is 1122 Colorado ST # 1209, Austin TX 78701, adjusting to $394,548; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group