The estimated value of this property is $197,229, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $179,000 and $195,000. Against 4 similar active listings in CHAMONIX CONDOMINIUMS AMENDE, this price point lands at the most expensive of 4 comparable homes on the market. Built in 1985, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.14 acre average) is reflected in the estimate. There are currently 4 similar homes on the market in CHAMONIX CONDOMINIUMS AMENDE, ranging from $174,900 to $260,000. Recent trends in 78741 show home values have fallen 11.5% since 6 months ago. The most comparable recent sale is 2450 Wickersham LN # 1601, Austin TX 78741, with an adjusted value of $178,928; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group