Reviewing the most recent comparable transactions, this home's market value falls around $438,580. For a well positioned listing in RESIDENTIAL CONDO, I'd target the $450,000 to $458,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in RESIDENTIAL CONDO. Buyers in RESIDENTIAL CONDO have 7 comparable options right now, with asking prices between $425,000 and $489,000. Recent trends in RESIDENTIAL CONDO show home values have fallen 7.9% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 1703, Austin TX 78701, with an adjusted value of $450,000; 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