Reviewing the most recent comparable transactions, this home's market value falls around $186,403. For a well positioned listing in THREE THOUSAND GUADALUPE PLACE, I'd target the $195,000 to $196,000 range. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in THREE THOUSAND GUADALUPE PLACE. The smaller floor plan (194 sqft compared to the average comp) is a meaningful differentiator in this price range. Recent trends in 78705 show home values have fallen 17.4% since 6 months ago. The most comparable recent sale is 2311 Nueces ST # 303, Austin TX 78705, with an adjusted value of $214,339; with a larger 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