The comparable sales data (7 recent transactions in INDEPENDENCE PARK CONDO) supports an estimated value of $500,482. The data suggests a list price between $509,000 and $554,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in INDEPENDENCE PARK CONDO, this home would be the 2nd most expensive of 5 comparable homes on the market. The smaller floor plan (137 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.21 acres versus 0.17 for the typical comp. The active market in INDEPENDENCE PARK CONDO includes 5 comparable homes priced from $424,990 to $485,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 6108 Whipple WAY, Austin TX 78745 carries an adjusted comparable value of $557,097, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in INDEPENDENCE PARK CONDO. 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
