After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $280,782. Pricing this home between $310,000 and $311,000 would put it in the competitive sweet spot for GREENWOOD TOWERS. Buyers shopping in GREENWOOD TOWERS right now would see this as a well positioned option among 7 comparable homes. At 11 years older than typical comps, the 1966 build date influences the valuation. Current inventory shows 7 comparable homes in GREENWOOD TOWERS; a buyer's market based on recent absorption. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 1800 Lavaca ST # A507, Austin TX 78701 at an adjusted $276,040, is a strong comparable. With 7 comparable sales in GREENWOOD TOWERS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group