My analysis of 3 comparable properties puts this home's estimated value at $1,208,320. Based on how the local market is moving, a list price between $440,000 and $450,000 would position this home well. Buyers shopping in 3605 MEREDITH CONDOS right now would see this as a well positioned option among 7 comparable homes. The 165 sqft size difference versus comparable sales is reflected in the adjusted values. At 8 years newer than typical comps, the 1963 build date influences the valuation. The active market in 3605 MEREDITH CONDOS includes 7 comparable homes priced from $399,000 to $925,000. The 6 month price trend in 78703: fallen 9.7%. The best comp here is 3311 Bonnie RD, Austin TX 78703 at an adjusted value of $1,284,074, with a larger floor plan. With 3 comparable sales in 3605 MEREDITH CONDOS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group