500 E Riverside DR # 240, Austin TX 78704

The market data from 7 similar recent sales in RIVERWALK CONDO points to a value of approximately $764,731. To sell within a reasonable timeframe at fair market value, the $518,000 to $528,000 range is where I'd position this. Against 7 similar active listings in RIVERWALK CONDO, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 1971 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.07 acres, the lot is smaller than the 0.11 acre comp average, which factors into pricing. The active market in RIVERWALK CONDO includes 7 comparable homes priced from $515,000 to $1,050,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 500 E Riverside DR # 264, Austin TX 78704, adjusting to $497,975; 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