The market data from 7 similar recent sales in WILLOW BRANCH LOFTS points to a value of approximately $424,253. To sell within a reasonable timeframe at fair market value, the $474,000 to $490,000 range is where I'd position this. Against 3 similar active listings in WILLOW BRANCH LOFTS, this price point lands at the most expensive of 3 comparable homes on the market. The 2008 construction puts this home 42 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. 3 similar homes are currently available in WILLOW BRANCH LOFTS, creating a buyer's market for this price range. In 78702, home values have fallen approximately 0.7% over the past 6 months. One of the strongest data points is 1907 E 21st ST, Austin TX 78722, adjusting to $466,073; a strong comparable. 7 comparable transactions in WILLOW BRANCH LOFTS 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
