The market data from 7 similar recent sales in MARINA CONDO points to a value of approximately $653,643. To sell within a reasonable timeframe at fair market value, the $323,000 to $333,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in MARINA CONDO. The 2008 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.09 acres, the lot is smaller than the 0.22 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in MARINA CONDO, ranging from $299,000 to $1,475,000. In 78734, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 427 Marina Village CV # 427, Austin TX 78734, adjusting to $895,025; a strong comparable. The 7 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