2525 S Lamar BLVD # 211, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $437,050. To generate strong buyer interest while maximizing value, I'd price this between $292,000 and $302,000. In the current SPACES CONDO market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 2007 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 1.18 acre comp average, which factors into pricing. With 7 similar homes currently listed in SPACES CONDO (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 2.7% in the past 6 months. 2505 Thornton Road RD # 3211, Austin TX 78704 nearby adjusts to $340,864; 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