3018 S 1st ST # 316, Austin TX 78704

Based on 7 closed sales in LOFT CONDO THE, the data points to a value around $320,235 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $274,000 to $284,000. Buyers shopping in LOFT CONDO THE right now would see this as a well positioned option among 3 comparable homes. This home's smaller footprint (240 sqft vs the comp average) plays a role in how the market prices it. Being built in 1978 (22 years older than comps) is factored into the value estimate. 3 similar homes are currently available in LOFT CONDO THE, creating a buyer's market for this price range. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 3018 S 1st ST # 204, Austin TX 78704 at an adjusted $211,851, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in LOFT CONDO THE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group