505 W 7th ST # 214, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $489,855. For a well positioned listing in POSADA DEL REY CONDO, I'd target the $314,000 to $324,000 range. With 7 comparable homes on the market in POSADA DEL REY CONDO, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1964 construction puts this home 28 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in POSADA DEL REY CONDO, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 1122 Colorado ST # 1209, Austin TX 78701, with an adjusted value of $491,402; a strong comparable. 7 comparable transactions in POSADA DEL REY CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group