2525 S LAMAR BLVD # 213, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $343,224. Based on how the local market is moving, a list price between $394,000 and $418,000 would position this home well. This home's position in the current SPACES CONDO market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The smaller lot (0.04 acres versus the area average of 1.42) contributes to the valuation. Current inventory shows 7 comparable homes in SPACES CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 1900 Barton Springs RD # 5007, Austin TX 78704 at an adjusted value of $393,626, a strong comparable. With 7 comparable sales in SPACES 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