2525 S Lamar BLVD # 217, Austin TX 78704

After reviewing 7 recent transactions in SPACES CONDO, I estimate this property's value at $387,038. A competitive list price for this home right now would fall in the $418,000 to $432,000 range. Buyers shopping in SPACES CONDO right now would see this as a well positioned option among 7 comparable homes. At 7 years newer than typical comps, the 2007 build date influences the valuation. The smaller lot (0.04 acres versus the area average of 1.16) contributes to the valuation. With 7 similar homes currently listed in SPACES CONDO (a buyer's market), competition is a factor to consider. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 2505 Thornton RD # 3211, Austin TX 78704 carries an adjusted comparable value of $340,902, providing a strong data point. 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