3018 S 1st ST # 313, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $320,235. To generate strong buyer interest while maximizing value, I'd price this between $274,000 and $284,000. With 3 comparable homes on the market in LOFT CONDO THE, this price positions the property as the most expensive of 3 comparable homes on the market. The smaller floor plan (240 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1978 construction puts this home 22 years older than the comp average, a factor in the pricing. The active market in LOFT CONDO THE includes 3 comparable homes priced from $245,000 to $315,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3018 S 1st ST # 204, Austin TX 78704 nearby adjusts to $211,851; with a smaller floor plan. 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