501 W 26th ST # 215, Austin TX 78705

The estimated value of this property is $448,364, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $390,000 and $400,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in CENTENNIAL CONDO REV. Built in 1997, this home is 9 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% since 6 months ago. The most comparable recent sale is 1812 West Ave # 302, Austin TX 78701, with an adjusted value of $467,395; a strong comparable. Based on 4 relevant data points in CENTENNIAL CONDO REV, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX