2529 Rio Grande ST # 2, Austin TX 78705

The estimated value of this property is $324,334, based on 6 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $365,000 and $371,000. Against 3 similar active listings in ORANGE CONDOMINIA, this price point lands at the most affordable of 3 comparable homes on the market. This home's larger footprint (103 sqft vs the comp average) plays a role in how the market prices it. Built in 1977, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in ORANGE CONDOMINIA; a buyer's market based on recent absorption. Recent trends in 78705 show home values have fallen 11.7% since 6 months ago. The most comparable recent sale is 914 W 26th ST # 304, Austin TX 78705, with an adjusted value of $288,749; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group