2529 Rio Grande ST # 97, Austin TX 78705

Based on 4 closed sales in ORANGE CONDOMINIA, the data points to a value around $289,853 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $301,000 to $307,000. This would position the home competitively among 6 active listings in ORANGE CONDOMINIA. Being built in 1979 (5 years older than comps) is factored into the value estimate. Lot size matters here: 0.02 acres versus 0.05 for the typical comp. The active market in ORANGE CONDOMINIA includes 6 comparable homes priced from $269,900 to $339,000. Market data shows 78705 prices fallen 18.2% over the last half year. The closest comparable sale, 914 W 26th ST # 202, Austin TX 78705 at an adjusted $275,580, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in ORANGE CONDOMINIA. 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