2508 W 12th ST # 301, Austin TX 78703

My analysis of 7 comparable properties puts this home's estimated value at $400,254. Based on how the local market is moving, a list price between $344,000 and $354,000 would position this home well. This home's position in the current PARK PLACE CONDO market: the most expensive of 5 comparable homes on the market among comparable properties. At 135 sqft smaller than the typical comp, the size difference factors into the valuation. 5 similar homes are currently available in PARK PLACE CONDO, creating a buyer's market for this price range. The 6 month price trend in 78703: fallen 3.1%. The best comp here is 2500 Enfield RD # 8, Austin TX 78703 at an adjusted value of $415,552, a strong comparable. With 7 comparable sales in PARK PLACE 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