1212 Guadalupe ST # 406, Austin TX 78701

Based on 7 closed sales in PENTHOUSE CONDO, the data points to a value around $358,615 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $240,000 to $250,000. Buyers shopping in PENTHOUSE CONDO right now would see this as a well positioned option among 2 comparable homes. The 258 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1973 (11 years newer than comps) is factored into the value estimate. Current inventory shows 2 comparable homes in PENTHOUSE CONDO; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 23.9% over the last half year. The closest comparable sale, 1510 W 6th ST # 111, Austin TX 78703 at an adjusted $275,870, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PENTHOUSE CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group