Reviewing the most recent comparable transactions, this home's market value falls around $550,721. For a well positioned listing in WESTSLOPE CONDO, I'd target the $299,000 to $309,000 range. Against 7 similar active listings in WESTSLOPE CONDO, this price point lands at the most expensive of 7 comparable homes on the market. The 110 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.02 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in WESTSLOPE CONDO, ranging from $262,500 to $560,000. Recent trends in 78731 show home values have risen 0.5% since 6 months ago. The most comparable recent sale is 5701 Westslope DR # 3, Austin TX 78731, with an adjusted value of $462,500; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group