Reviewing the most recent comparable transactions, this home's market value falls around $197,977. For a well positioned listing in AVENUE A CONDO, I'd target the $111,000 to $121,000 range. In the current AVENUE A CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 104 sqft smaller than the typical comp, the size difference factors into the valuation. The 1983 construction puts this home 9 years newer than the comp average, a factor in the pricing. With 3 similar homes currently listed in AVENUE A CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78751 show home values have fallen 14.8% since 6 months ago. The most comparable recent sale is 114 E 31st ST # 207, Austin TX 78705, with an adjusted value of $220,510; a strong comparable. The 4 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