Taking into account 7 nearby comparable sales, this property's estimated value comes to $351,278. If we were to list this property today, I'd recommend a list price in the $344,000 to $358,000 range. Relative to what's currently available in TRACE CONDO, this home would be the 2nd most expensive of 3 comparable homes on the market. Lot size matters here: 0.09 acres versus 0.06 for the typical comp. Right now, 3 similar properties are competing for buyers in TRACE CONDO, listed between $309,000 and $378,900. The 6 month price trend in 78741: fallen 8.4%. The best comp here is 6900 E Riverside DR # 17, Austin TX 78741 at an adjusted value of $281,130, 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