Reviewing the most recent comparable transactions, this home's market value falls around $378,654. For a well positioned listing in CENTENNIAL CONDOMINIUMS - REVISED, I'd target the $371,000 to $386,000 range. With 7 comparable homes on the market in CENTENNIAL CONDOMINIUMS - REVISED, this price positions the property as the most affordable of 7 comparable homes on the market. The 1997 construction puts this home 10 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in CENTENNIAL CONDOMINIUMS - REVISED, creating a buyer's market for this price range. Recent trends in 78705 show home values have risen 0% since 6 months ago. The most comparable recent sale is 2505 San Gabriel ST # 506, Austin TX 78705, with an adjusted value of $328,908; with a smaller floor plan. The 6 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