The estimated value of this property is $233,951, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $165,000 and $175,000. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in STAR WEST CONDO. Built in 1962, this home is 29 years older than the average comp, which is reflected in the adjustments. Current inventory shows 6 comparable homes in STAR WEST CONDO; a buyer's market based on recent absorption. Recent trends in 78705 show home values have fallen 11.7% since 6 months ago. The most comparable recent sale is 2408 Longview ST # 205, Austin TX 78705, with an adjusted value of $185,581; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group