Based on 4 closed sales in LEE, the data points to a value around $188,187 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $217,000 to $240,000. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in LEE's current inventory. Being built in 1969 (10 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.23 for the typical comp. Current inventory shows 3 comparable homes in LEE; a buyer's market based on recent absorption. Market data shows 78751 prices risen 5.8% over the last half year. The closest comparable sale, 202 E 45th ST # 103, Austin TX 78751 at an adjusted $216,972, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in LEE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group