Reviewing the most recent comparable transactions, this home's market value falls around $223,954. For a well positioned listing in STAR WEST CONDO, I'd target the $173,000 to $183,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in STAR WEST CONDO. The 1962 construction puts this home 11 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in STAR WEST CONDO, listed between $174,000 and $259,000. Recent trends in 78705 show home values have fallen 20.3% since 6 months ago. The most comparable recent sale is 1010 W 23rd ST # 4, Austin TX 78705, with an adjusted value of $177,617; a strong comparable. 3 comparable transactions in STAR WEST 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