2525 Lamar BLVD # 215, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $476,316. For a well positioned listing in SPACES CONDO, I'd target the $648,000 to $654,000 range. Against 4 similar active listings in SPACES CONDO, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 2007 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.05 acres, the lot is smaller than the 2.29 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in SPACES CONDO, ranging from $425,000 to $825,000. Recent trends in 78704 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 2216 Thornton RD # 221, Austin TX 78704, with an adjusted value of $449,306; a strong comparable. The 7 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