2302 East Side DR # 25, Austin TX 78704

After reviewing 3 recent transactions in TRAVIS HEIGHTS TERRACE CONDO, I estimate this property's value at $230,350. A competitive list price for this home right now would fall in the $137,000 to $147,000 range. This home's position in the current TRAVIS HEIGHTS TERRACE CONDO market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The smaller floor plan (120 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.02 acres versus the area average of 0.07) contributes to the valuation. With 4 similar homes currently listed in TRAVIS HEIGHTS TERRACE CONDO (a buyer's market), competition is a factor to consider. Prices in 78704 have fallen 5.7% over the last 6 months. A similar home at 500 E Riverside DR # 216, Austin TX 78704 carries an adjusted comparable value of $226,776, providing a strong data point. With 3 comparable sales in TRAVIS HEIGHTS TERRACE CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group