Reviewing the most recent comparable transactions, this home's market value falls around $279,998. For a well positioned listing in BALCONES TOWERS CONDO, I'd target the $206,000 to $216,000 range. Against 3 similar active listings in BALCONES TOWERS CONDO, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (136 sqft vs the comp average) plays a role in how the market prices it. The 1968 construction puts this home 6 years older than the comp average, a factor in the pricing. Buyers in BALCONES TOWERS CONDO have 3 comparable options right now, with asking prices between $197,777 and $324,000. Recent trends in 78731 show home values have fallen 14.4% since 6 months ago. The most comparable recent sale is 6910 Hart LN # 805, Austin TX 78731, with an adjusted value of $311,934; a strong comparable. 7 comparable transactions in BALCONES TOWERS CONDO 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