505 Tillery ST # 11, Austin TX 78702

Based on 7 closed sales in EAST TH CONDOS, the data points to a value around $453,904 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $217,000 to $227,000. Relative to what's currently available in EAST TH CONDOS, this home would be the most expensive of 4 comparable homes on the market. The smaller floor plan (788 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2016 (19 years newer than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in EAST TH CONDOS; a buyer's market based on recent absorption. Market data shows 78702 prices fallen 1.1% over the last half year. The closest comparable sale, 2507 Diaz ST, Austin TX 78702 at an adjusted $346,398, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in EAST TH CONDOS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group