2529 Rio Grande ST # 77, Austin TX 78705

The market data from 7 similar recent sales in ORANGE CONDOMINIUM points to a value of approximately $304,451. To sell within a reasonable timeframe at fair market value, the $319,000 to $320,000 range is where I'd position this. With 7 comparable homes on the market in ORANGE CONDOMINIUM, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1979 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.04 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in ORANGE CONDOMINIUM, ranging from $279,900 to $345,000. In 78705, home values have fallen approximately 17.4% over the past 6 months. One of the strongest data points is 3601 Lawton Ave # 1, Austin TX 78731, adjusting to $319,744; a strong comparable. 7 comparable transactions in ORANGE CONDOMINIUM support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group