505 W 7th ST # 303, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $598,060. To generate strong buyer interest while maximizing value, I'd price this between $400,000 and $410,000. Among the similar homes currently available in POSADA DEL REY CONDO, this price point stands out as competitive. The 1964 construction puts this home 22 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in POSADA DEL REY CONDO; a buyer's market based on recent absorption. The trend in 78701 shows prices have fallen 22.2% in the past 6 months. 1212 Guadalupe ST # 805, Austin TX 78701 nearby adjusts to $399,351; 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