Based on what similar homes have actually sold for within a mile, I'd place this property's value at $213,225. I'd recommend coming to market at $209,000 to $217,000 to strike the right balance between value and market velocity. Against 4 similar active listings in BALCONES TOWERS CONDO, this price point lands at the most expensive of 4 comparable homes on the market. Built in 1968, this home is 8 years older than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in BALCONES TOWERS CONDO, listed between $205,000 and $261,900. The trend in 78731 shows prices have risen 20.4% in the past 6 months. 6910 Hart LN # 110, Austin TX 78731 nearby adjusts to $192,470; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group