408 W 55TH ST # 2, Austin TX 78751

My analysis of 7 comparable properties puts this home's estimated value at $513,830. Based on how the local market is moving, a list price between $268,000 and $278,000 would position this home well. Relative to what's currently available in NORTHLOOP DETACHED CONDOS, this home would be the 4th most expensive of 7 comparable homes on the market. At 11 years newer than typical comps, the 2020 build date influences the valuation. The smaller lot (0.01 acres versus the area average of 0.10) contributes to the valuation. Current inventory shows 7 comparable homes in NORTHLOOP DETACHED CONDOS; a buyer's market based on recent absorption. The 6 month price trend in 78751: fallen 13.2%. The best comp here is 5507 Duval ST # B, Austin TX 78751 at an adjusted value of $536,334, a strong comparable. With 7 comparable sales in NORTHLOOP DETACHED 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