3018 S 1st ST # 317, Austin TX 78704

The market data from 7 similar recent sales in LOFT CONDO THE points to a value of approximately $320,235. To sell within a reasonable timeframe at fair market value, the $274,000 to $284,000 range is where I'd position this. Against 3 similar active listings in LOFT CONDO THE, this price point lands at the most expensive of 3 comparable homes on the market. The 240 sqft size difference versus comparable sales is reflected in the adjusted values. The 1978 construction puts this home 22 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in LOFT CONDO THE (a buyer's market), competition is a factor to consider. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 3018 S 1st ST # 204, Austin TX 78704, adjusting 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