The estimated value of this property is $599,837, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $582,000 and $618,000. In the current HIGHPOINTE CONDO market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. The smaller floor plan (165 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2007, this home is 5 years older than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in HIGHPOINTE CONDO, listed between $659,000 and $995,000. Recent trends in HIGHPOINTE CONDO show home values have fallen 3.3% since 6 months ago. The most comparable recent sale is 803 Wild Rose DR, Austin TX 78737, with an adjusted value of $583,505; with a larger floor plan. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group