2525 S Lamar LN # 203, Austin TX 78704

After reviewing 7 recent transactions in SPACES CONDO, I estimate this property's value at $386,682. A competitive list price for this home right now would fall in the $419,000 to $468,000 range. This would position the home competitively among 7 active listings in SPACES CONDO. At 6 years older than typical comps, the 2007 build date influences the valuation. The smaller lot (0.04 acres versus the area average of 1.71) contributes to the valuation. Current inventory shows 7 comparable homes in SPACES CONDO; a buyer's market based on recent absorption. 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 $335,127, 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