3018 S 1st ST # 116, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $290,526. For a well positioned listing in LOFT CONDO THE, I'd target the $206,000 to $216,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in LOFT CONDO THE. This home's smaller footprint (414 sqft vs the comp average) plays a role in how the market prices it. The 1978 construction puts this home 22 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in LOFT CONDO THE, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 3018 S 1st ST # 204, Austin TX 78704, with an adjusted value of $185,000; a strong comparable. 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