2600 Penny LN # 119, Austin TX 78757

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $434,891. I'd recommend coming to market at $220,000 to $230,000 to strike the right balance between value and market velocity. Against 7 similar active listings in VICTORIA SQUARE CONDO, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Being 115 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.04 acre lot (smaller than the 0.16 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in VICTORIA SQUARE CONDO; a buyer's market based on recent absorption. The trend in 78757 shows prices have risen 10.7% in the past 6 months. 8012 Stillwood LN, Austin TX 78757 nearby adjusts to $452,813; a strong comparable. With 7 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