Taking into account 7 nearby comparable sales, this property's estimated value comes to $330,672. If we were to list this property today, I'd recommend a list price in the $270,000 to $280,000 range. Relative to what's currently available in TRACE CONDO, this home would be the 3rd least expensive of 7 comparable homes on the market. Being 113 sqft larger than the average comparable sale in this area impacts the per square foot value. Right now, 7 similar properties are competing for buyers in TRACE CONDO, listed between $245,000 and $515,000. The 6 month price trend in 78741: risen 2%. The best comp here is 6900 E Riverside DR # 6, Austin TX 78741 at an adjusted value of $255,270, a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus