1401A Lorraine LOOP # 1401A, Austin TX 78758

The market data from 7 similar recent sales in NORTHEDGE CONDO points to a value of approximately $337,549. To sell within a reasonable timeframe at fair market value, the $219,000 to $229,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in NORTHEDGE CONDO. The 2012 construction puts this home 35 years newer than the comp average, a factor in the pricing. At 0.08 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. With 4 similar homes currently listed in NORTHEDGE CONDO (a buyer's market), competition is a factor to consider. In 78758, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 10700 Macmora RD # 104, Austin TX 78758, adjusting to $358,841; with a smaller floor plan. 7 comparable transactions in NORTHEDGE CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group