The market data from 4 similar recent sales in OLD TOWN CONDO REV points to a value of approximately $257,116. To sell within a reasonable timeframe at fair market value, the $286,000 to $508,000 range is where I'd position this. Against 3 similar active listings in OLD TOWN CONDO REV, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 163 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 3 comparable homes in OLD TOWN CONDO REV; a buyer's market based on recent absorption. In OLD TOWN CONDO REV, home values have risen approximately 5.3% over the past 6 months. One of the strongest data points is 7241 Creekside DR, Austin TX 78752, adjusting to $234,000; a strong comparable. The 4 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