1400 Lorraine LOOP # 1400, Austin TX 78758

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $604,711. Pricing this home between $669,000 and $690,000 would put it in the competitive sweet spot for NORTHEDGE CONDO. This home's position in the current NORTHEDGE CONDO market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. At 19 years newer than typical comps, the 2013 build date influences the valuation. The smaller lot (0.08 acres versus the area average of 0.19) contributes to the valuation. With 4 similar homes currently listed in NORTHEDGE CONDO (a buyer's market), competition is a factor to consider. Market data shows 78758 prices fallen 4.6% over the last half year. The closest comparable sale, 10813 Hermosillo DR # 1005, Austin TX 78758 at an adjusted $721,051, is with a larger floor plan. The comp data here (7 sales in NORTHEDGE 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