The market data from 7 similar recent sales in SAGE CONDO points to a value of approximately $589,577. To sell within a reasonable timeframe at fair market value, the $652,000 to $669,000 range is where I'd position this. Against 6 similar active listings in SAGE CONDO, this price point lands at the most affordable of 6 comparable homes on the market. This home's smaller footprint (255 sqft vs the comp average) plays a role in how the market prices it. At 0.03 acres, the lot is smaller than the 0.08 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in SAGE CONDO, ranging from $589,000 to $825,000. In 78704, home values have risen approximately 0% over the past 6 months. One of the strongest data points is 1702 S Lamar BLVD # 5, Austin TX 78704, adjusting to $484,000; with a larger floor plan. 7 comparable transactions in SAGE 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