2204 Independence DR, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $531,238. For a well positioned listing in INDEPENDENCE PARK CONDO, I'd target the $596,000 to $626,000 range. Against 4 similar active listings in INDEPENDENCE PARK CONDO, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 2007 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. With 4 similar homes currently listed in INDEPENDENCE PARK CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 6108 Whipple WAY, Austin TX 78745, with an adjusted value of $583,097; 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