The comparable sales data (7 recent transactions in SILVERADO CONDO) supports an estimated value of $330,401. The data suggests a list price between $107,000 and $117,000 would attract qualified buyers without leaving money on the table. Buyers shopping in SILVERADO CONDO right now would see this as a well positioned option among 2 comparable homes. This home's smaller footprint (274 sqft vs the comp average) plays a role in how the market prices it. Being built in 1984 (8 years newer than comps) is factored into the value estimate. Right now, 2 similar properties are competing for buyers in SILVERADO CONDO, listed between $125,000 and $129,000. Prices in 78741 have fallen 9.6% over the last 6 months. A similar home at 1840 BURTON DR # 167, Austin TX 78741 carries an adjusted comparable value of $131,034, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in SILVERADO CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group