2401 E 6th ST # 29, Austin TX 78702

The market data from 7 similar recent sales in PEDERNALES CONDO points to a value of approximately $552,932. To sell within a reasonable timeframe at fair market value, the $412,000 to $422,000 range is where I'd position this. With 3 comparable homes on the market in PEDERNALES CONDO, this price positions the property as the most expensive of 3 comparable homes on the market. At 392 sqft smaller than the typical comp, the size difference factors into the valuation. The 2005 construction puts this home 9 years newer than the comp average, a factor in the pricing. 3 similar homes are currently available in PEDERNALES CONDO, creating a buyer's market for this price range. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 503 Allen ST # 503A, Austin TX 78702, adjusting to $354,124; with a larger floor plan. 7 comparable transactions in PEDERNALES CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group