409 E 38th ST # 201, Austin TX 78705

Reviewing the most recent comparable transactions, this home's market value falls around $387,432. For a well positioned listing in THIRTY & DUVAL CONDO HWY, I'd target the $486,000 to $505,000 range. Against 7 similar active listings in THIRTY & DUVAL CONDO HWY, this price point lands at the 2nd least expensive of 7 comparable homes on the market. At 118 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in THIRTY & DUVAL CONDO HWY; a buyer's market based on recent absorption. Recent trends in 78705 show home values have fallen 11.7% since 6 months ago. The most comparable recent sale is 3200 Duval ST # 309, Austin TX 78705, with an adjusted value of $387,899; a strong comparable. The 3 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