Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $200,710. To generate strong buyer interest while maximizing value, I'd price this between $144,000 and $154,000. In the current HEATHERWOOD CONDO market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. At 500 sqft smaller than the typical comp, the size difference factors into the valuation. The 1984 construction puts this home 8 years newer than the comp average, a factor in the pricing. 5 similar homes are currently available in HEATHERWOOD CONDO, creating a buyer's market for this price range. The trend in 78745 shows prices have risen 2.2% in the past 6 months. 5608 Cougar DR # 203, Austin TX 78745 nearby adjusts to $108,000; with a larger floor plan. 7 comparable transactions in HEATHERWOOD 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