After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $554,658. Pricing this home between $735,000 and $771,000 would put it in the competitive sweet spot for 1305 LOFTS A CONDO. Relative to what's currently available in 1305 LOFTS A CONDO, this home would be the 2nd least expensive of 7 comparable homes on the market. At 26 years newer than typical comps, the 2006 build date influences the valuation. The smaller lot (0.03 acres versus the area average of 0.08) contributes to the valuation. There are currently 7 similar homes on the market in 1305 LOFTS A CONDO, ranging from $475,000 to $985,000. Market data shows 78702 prices fallen 10.3% over the last half year. The closest comparable sale, 601 Brushy ST # 106, Austin TX 78702 at an adjusted $542,310, is with a larger floor plan. The comp data here (7 sales in 1305 LOFTS A CONDO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus