2525 S Lamar BLVD # 317, Austin TX 78704

The market data from 7 similar recent sales in SPACES CONDO points to a value of approximately $387,025. To sell within a reasonable timeframe at fair market value, the $432,000 to $506,000 range is where I'd position this. Among the similar homes currently available in SPACES CONDO, this price point stands out as competitive. The 2007 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 1.16 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SPACES CONDO; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 2505 Thornton RD # 3211, Austin TX 78704, adjusting to $340,904; 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