3018 S 1st ST # 114, Austin TX 78704

The market data from 7 similar recent sales in LOFT CONDO THE points to a value of approximately $244,768. To sell within a reasonable timeframe at fair market value, the $170,000 to $180,000 range is where I'd position this. With 4 comparable homes on the market in LOFT CONDO THE, this price positions the property as the most expensive of 4 comparable homes on the market. This home's smaller footprint (351 sqft vs the comp average) plays a role in how the market prices it. The 1978 construction puts this home 32 years older than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in LOFT CONDO THE, ranging from $160,000 to $280,000. In 78704, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 3018 S 1st ST # 204, Austin TX 78704, adjusting to $185,000; a strong comparable. 7 comparable transactions in LOFT CONDO THE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group