3018 S 1st ST # 111, Austin TX 78704

After reviewing 7 recent transactions in LOFT CONDO THE, I estimate this property's value at $292,519. A competitive list price for this home right now would fall in the $178,000 to $188,000 range. Buyers shopping in LOFT CONDO THE right now would see this as a well positioned option among 4 comparable homes. This home's smaller footprint (406 sqft vs the comp average) plays a role in how the market prices it. At 22 years older than typical comps, the 1978 build date influences the valuation. Current inventory shows 4 comparable homes in LOFT CONDO THE; a buyer's market based on recent absorption. Prices in 78704 have fallen 0.6% over the last 6 months. A similar home at 3018 S 1st ST # 204, Austin TX 78704 carries an adjusted comparable value of $187,064, 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