Reviewing the most recent comparable transactions, this home's market value falls around $168,044. For a well positioned listing in CHAMONIX CONDO, I'd target the $116,000 to $126,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in CHAMONIX CONDO. At 125 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.06 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in CHAMONIX CONDO, ranging from $125,000 to $179,900. Recent trends in 78741 show home values have fallen 12.6% since 6 months ago. The most comparable recent sale is 2450 Wickersham LN # 103, Austin TX 78741, with an adjusted value of $161,263; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group