After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $537,934. Pricing this home between $555,000 and $601,000 would put it in the competitive sweet spot for STREET PLACE CONDO. Buyers shopping in STREET PLACE CONDO right now would see this as a well positioned option among 3 comparable homes. This home's smaller footprint (212 sqft vs the comp average) plays a role in how the market prices it. At 14 years older than typical comps, the 2005 build date influences the valuation. Current inventory shows 3 comparable homes in STREET PLACE CONDO; a buyer's market based on recent absorption. Market data shows 78721 prices fallen 7.5% over the last half year. The closest comparable sale, 5202 Rob Scott ST, Austin TX 78721 at an adjusted $512,738, is with a larger floor plan. With 3 comparable sales in STREET PLACE CONDO, 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