After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $314,897. Pricing this home between $256,000 and $266,000 would put it in the competitive sweet spot for ST JAMES CONDO. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in ST JAMES CONDO's current inventory. 7 similar homes are currently available in ST JAMES CONDO, creating a buyer's market for this price range. Market data shows 78705 prices fallen 11.7% over the last half year. The closest comparable sale, 2401 Leon ST # 208, Austin TX 78705 at an adjusted $366,795, is a strong comparable. With 7 comparable sales in ST JAMES CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group