Based on 7 closed sales in ST CHARLES CONDO, the data points to a value around $249,027 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $212,000 to $222,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in ST CHARLES CONDO's current inventory. Being built in 1963 (23 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in ST CHARLES CONDO (a buyer's market), competition is a factor to consider. Market data shows 78705 prices fallen 7.5% over the last half year. The closest comparable sale, 2110 Rio Grande ST # 207, Austin TX 78705 at an adjusted $254,760, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus