After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $366,082. Pricing this home between $423,000 and $431,000 would put it in the competitive sweet spot for TEXAN TOWER CONDO. Relative to what's currently available in TEXAN TOWER CONDO, this home would be the most affordable of 7 comparable homes on the market. With 7 similar homes currently listed in TEXAN TOWER CONDO (a buyer's market), competition is a factor to consider. Market data shows 78705 prices fallen 17.5% over the last half year. The closest comparable sale, 3016 Guadalupe ST # 308, Austin TX 78705 at an adjusted $365,625, is a strong comparable. With 7 comparable sales in TEXAN TOWER CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
