2525 S Lamar BLVD # 9, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $355,535. To generate strong buyer interest while maximizing value, I'd price this between $268,000 and $278,000. With 7 comparable homes on the market in SPACES CONDO, this price positions the property as the 2nd least expensive 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 1.15 acre comp average, which factors into pricing. 7 similar homes are currently available in SPACES CONDO, creating a buyer's market for this price range. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 1900 Barton Springs RD # 5007, Austin TX 78704 nearby adjusts to $399,824; 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