The market data from 7 similar recent sales in COTTAGES/LAKE CRK CONDOS points to a value of approximately $320,552. To sell within a reasonable timeframe at fair market value, the $351,000 to $354,000 range is where I'd position this. Against 3 similar active listings in COTTAGES/LAKE CRK CONDOS, this price point lands at the most affordable of 3 comparable homes on the market. The 2007 construction puts this home 23 years newer than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in COTTAGES/LAKE CRK CONDOS, ranging from $324,950 to $375,000. In 78750, home values have fallen approximately 8.2% over the past 6 months. One of the strongest data points is 13604 Caldwell DR # 72, Austin TX 78750, adjusting to $350,851; 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
