3018 S 1st ST # 105, Austin TX 78704

After reviewing 7 recent transactions in LOFT CONDO THE, I estimate this property's value at $288,038. A competitive list price for this home right now would fall in the $206,000 to $216,000 range. This home's position in the current LOFT CONDO THE market: the most expensive of 3 comparable homes on the market among comparable properties. This home's smaller footprint (414 sqft vs the comp average) plays a role in how the market prices it. At 25 years older than typical comps, the 1975 build date influences the valuation. With 3 similar homes currently listed in LOFT CONDO THE (a buyer's market), competition is a factor to consider. Prices in 78704 have fallen 1.6% over the last 6 months. A similar home at 3018 S 1st ST # 204, Austin TX 78704 carries an adjusted comparable value of $183,335, providing a strong data point. With 7 comparable sales in LOFT CONDO THE, 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