3018 S 1st ST # 314, Austin TX 78704

The estimated value of this property is $320,235, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $274,000 and $284,000. In the current LOFT CONDO THE market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 240 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1978, this home is 22 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in LOFT CONDO THE (a buyer's market), competition is a factor to consider. 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 $211,851; with a smaller floor plan. Based on 7 relevant data points in LOFT CONDO THE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX