Based on 7 closed sales in STAR WEST CONDOS, the data points to a value around $252,287 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $206,000 to $216,000. This pricing would rank the home as the 2nd most expensive of 4 comparable homes on the market in STAR WEST CONDOS's current inventory. Being built in 1962 (16 years older than comps) is factored into the value estimate. There are currently 4 similar homes on the market in STAR WEST CONDOS, ranging from $223,500 to $295,000. Market data shows 78705 prices fallen 11.1% over the last half year. The closest comparable sale, 2706 Salado ST # 205, Austin TX 78705 at an adjusted $238,912, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in STAR WEST CONDOS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group