The market data from 7 similar recent sales in COTTAGES/LAKE CRK CONDOS points to a value of approximately $330,485. To sell within a reasonable timeframe at fair market value, the $251,000 to $261,000 range is where I'd position this. Against 6 similar active listings in COTTAGES/LAKE CRK CONDOS, this price point lands at the 2nd most expensive of 6 comparable homes on the market. The 2007 construction puts this home 25 years newer than the comp average, a factor in the pricing. There are currently 6 similar homes on the market in COTTAGES/LAKE CRK CONDOS, ranging from $270,000 to $375,000. In 78750, home values have risen approximately 0.7% over the past 6 months. One of the strongest data points is 13604 Caldwell DR # 72, Austin TX 78750, adjusting to $350,607; a strong comparable. 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
