501 W 26th ST # 205, Austin TX 78705

The estimated value of this property is $382,885, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $402,000 and $404,000. In the current CENTENNIAL CONDO REV market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. Built in 1997, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in CENTENNIAL CONDO REV; a buyer's market based on recent absorption. Recent trends in 78705 show home values have fallen 12.3% since 6 months ago. The most comparable recent sale is 2502 Leon ST # 201, Austin TX 78705, with an adjusted value of $326,114; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group