3 recent sales in the surrounding area of this address suggest a current value of $305,261. My recommended list price range for this property would be $203,000 to $213,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in PADDOCK CONDO. Built in 1983, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.07 acre lot (smaller than the 0.10 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in PADDOCK CONDO; a buyer's market based on recent absorption. In 78756, home values have fallen approximately 18.6% over the past 6 months. One of the strongest data points is 2104 Cullen Ave # 223, Austin TX 78757, adjusting to $251,329; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group