3018 S 1st ST # 202, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $318,804. To generate strong buyer interest while maximizing value, I'd price this between $245,000 and $255,000. With 6 comparable homes on the market in LOFT CONDO THE, this price positions the property as the most expensive of 6 comparable homes on the market. This home's smaller footprint (257 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. The active market in LOFT CONDO THE includes 6 comparable homes priced from $220,000 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 $211,006; 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