2525 S Lamar BLVD # 206, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $369,366. For a well positioned listing in SPACES CONDO, I'd target the $428,000 to $456,000 range. Against 7 similar active listings in SPACES CONDO, this price point lands at the most affordable of 7 comparable homes on the market. The 2007 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 1.11 acre comp average, which factors into pricing. The active market in SPACES CONDO includes 7 comparable homes priced from $387,000 to $479,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 1900 Barton Springs RD # 5007, Austin TX 78704, with an adjusted value of $401,026; 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