After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $380,206. Pricing this home between $213,000 and $223,000 would put it in the competitive sweet spot for SWEETBRIAR CONDO. This would position the home competitively among 7 active listings in SWEETBRIAR CONDO. At 10 years newer than typical comps, the 1983 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.17) contributes to the valuation. With 7 similar homes currently listed in SWEETBRIAR CONDO (a buyer's market), competition is a factor to consider. Market data shows 78745 prices fallen 8.9% over the last half year. The closest comparable sale, 6203 Glen Meadow DR, Austin TX 78745 at an adjusted $387,561, is a strong comparable. With 5 comparable sales in SWEETBRIAR CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group