508 E 53rd ST # 203, Austin TX 78751

Reviewing the most recent comparable transactions, this home's market value falls around $473,221. For a well positioned listing in SATSUMA CONDO, I'd target the $264,000 to $274,000 range. Against 7 similar active listings in SATSUMA CONDO, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 2006 construction puts this home 8 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.12 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in SATSUMA CONDO, listed between $256,000 and $625,000. Recent trends in 78751 show home values have risen 5.8% since 6 months ago. The most comparable recent sale is 403 Swanee DR # 2, Austin TX 78752, with an adjusted value of $449,562; a strong comparable. 7 comparable transactions in SATSUMA 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