The estimated value of this property is $529,888, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $387,000 and $397,000. In the current PENTHOUSE CONDO market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1973, this home is 9 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in PENTHOUSE CONDO, ranging from $399,000 to $595,000. Recent trends in 78701 show home values have risen 0.7% since 6 months ago. The most comparable recent sale is 1212 Guadalupe ST # 805, Austin TX 78701, with an adjusted value of $375,000; a strong comparable. Based on 7 relevant data points in PENTHOUSE CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX