Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $634,322. To generate strong buyer interest while maximizing value, I'd price this between $540,000 and $550,000. Among the similar homes currently available in BRISTOL CHANNEL CONDO, this price point stands out as competitive. The 1996 construction puts this home 24 years newer than the comp average, a factor in the pricing. At 0.05 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. With 7 similar homes currently listed in BRISTOL CHANNEL CONDO (a buyer's market), competition is a factor to consider. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 4005 Avenue F Ave, Austin TX 78751 nearby adjusts to $1,033,003; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group