2525 S Lamar BLVD # 301, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $324,593. For a well positioned listing in SPACES CONDO, I'd target the $354,000 to $383,000 range. Against 3 similar active listings in SPACES CONDO, this price point lands at the most affordable of 3 comparable homes on the market. The 2007 construction puts this home 9 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 3.31 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in SPACES CONDO; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2505 Thornton RD # 3211, Austin TX 78704, with an adjusted value of $340,584; a strong comparable. The 6 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