1500 Scenic DR # 307, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $557,773. For a well positioned listing in LAKEHOUSE CONDO COMMUNITY, I'd target the $249,000 to $259,000 range. Against 7 similar active listings in LAKEHOUSE CONDO COMMUNITY, this price point lands at the 2nd most expensive of 7 comparable homes on the market. At 0.20 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in LAKEHOUSE CONDO COMMUNITY; a buyer's market based on recent absorption. Recent trends in 78703 show home values have risen 4.1% since 6 months ago. The most comparable recent sale is 2113 W 12th ST, Austin TX 78703, with an adjusted value of $744,626; 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