1818 S Lakeshore BLVD # 5, Austin TX 78741

The estimated value of this property is $404,673, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $117,000 and $127,000. With 7 comparable homes on the market in WATERFRONT CONDO, this price positions the property as the most expensive of 7 comparable homes on the market. Built in 1980, this home is 11 years newer than the average comp, which is reflected in the adjustments. The 0.04 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. Buyers in WATERFRONT CONDO have 7 comparable options right now, with asking prices between $125,000 and $165,000. Recent trends in 78741 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 1514 Parker LN # 208, Austin TX 78741, with an adjusted value of $264,163; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group