After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $255,215. Pricing this home between $270,000 and $282,000 would put it in the competitive sweet spot for SCOFIELD RIDGE CONDO. This home's position in the current SCOFIELD RIDGE CONDO market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (457 sqft compared to the average comp) is a meaningful differentiator in this price range. 7 similar homes are currently available in SCOFIELD RIDGE CONDO, creating a balanced market for this price range. Market data shows SCOFIELD RIDGE CONDO prices fallen 4.8% over the last half year. The closest comparable sale, 1900 Scofield Ridge PKWY # 503, Austin TX 78727 at an adjusted $246,000, is with a larger floor plan. With 7 comparable sales in SCOFIELD RIDGE CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
