Reviewing the most recent comparable transactions, this home's market value falls around $177,099. For a well positioned listing in MONTEVISTA CONDO, I'd target the $179,000 to $180,000 range. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in MONTEVISTA CONDO. The smaller floor plan (116 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 2 similar properties are competing for buyers in MONTEVISTA CONDO, listed between $188,900 and $189,000. Recent trends in MONTEVISTA CONDO show home values have fallen 19.3% since 6 months ago. The most comparable recent sale is 6000 Shepherd Mountain CV # 1805, Austin TX 78730, with an adjusted value of $175,000; 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
