The market data from 7 similar recent sales in ALLENDALE CONDO points to a value of approximately $408,429. To sell within a reasonable timeframe at fair market value, the $175,000 to $185,000 range is where I'd position this. With 7 comparable homes on the market in ALLENDALE CONDO, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1984 construction puts this home 15 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. The active market in ALLENDALE CONDO includes 7 comparable homes priced from $199,900 to $499,000. In 78757, home values have risen approximately 14% over the past 6 months. One of the strongest data points is 2104 Cullen Ave # 223, Austin TX 78757, adjusting to $225,845; 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