The estimated value of this property is $241,888, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $253,000 and $256,000. Against 5 similar active listings in FAR WEST SKYLINE CONDO, this price point lands at the 2nd most expensive of 5 comparable homes on the market. The 0.00 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. With 5 similar homes currently listed in FAR WEST SKYLINE CONDO (a balanced market), competition is a factor to consider. Recent trends in 78731 show home values have risen 8.3% since 6 months ago. The most comparable recent sale is 6910 Hart LN # 110, Austin TX 78731, with an adjusted value of $195,785; a strong comparable. Based on 7 relevant data points in FAR WEST SKYLINE CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX