Reviewing the most recent comparable transactions, this home's market value falls around $182,206. For a well positioned listing in ZILKER CONDOMINIUMS, I'd target the $136,000 to $146,000 range. Against 5 similar active listings in ZILKER CONDOMINIUMS, this price point lands at the 2nd least expensive of 5 comparable homes on the market. The 171 sqft size difference versus comparable sales is reflected in the adjusted values. The 1968 construction puts this home 12 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in ZILKER CONDOMINIUMS (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 5.3% since 6 months ago. The most comparable recent sale is 2021 Bluebonnet LN # 203, Austin TX 78704, with an adjusted value of $201,406; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group