The market data from 7 similar recent sales in DAVENPORT RIM CONDO points to a value of approximately $1,512,040. To sell within a reasonable timeframe at fair market value, the $1,085,000 to $1,095,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in DAVENPORT RIM CONDO. The 1999 construction puts this home 5 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in DAVENPORT RIM CONDO (a buyer's market), competition is a factor to consider. In 78746, home values have risen approximately 8.3% over the past 6 months. One of the strongest data points is 2800 Waymaker WAY # 36, Austin TX 78746, adjusting to $1,132,616; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group