2525 S Lamar BLVD # 218, Austin TX 78704

Based on 7 closed sales in SPACES CONDO, the data points to a value around $344,379 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $422,000 to $434,000. Buyers shopping in SPACES CONDO right now would see this as a well positioned option among 7 comparable homes. Being built in 2007 (6 years newer than comps) is factored into the value estimate. Lot size matters here: 0.04 acres versus 1.73 for the typical comp. The active market in SPACES CONDO includes 7 comparable homes priced from $359,900 to $599,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 2505 Thornton RD # 3211, Austin TX 78704 at an adjusted $345,034, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SPACES CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group