Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $553,256. To generate strong buyer interest while maximizing value, I'd price this between $412,000 and $422,000. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in CAMBRIDGE CONDO. This home's smaller footprint (316 sqft vs the comp average) plays a role in how the market prices it. The 1964 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in CAMBRIDGE CONDO, listed between $374,000 and $635,000. The trend in 78701 shows prices have fallen 22.2% in the past 6 months. 1801 Lavaca ST # 5E, Austin TX 78701 nearby adjusts to $577,460; 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