6000 Shepherd MTN # 503, Austin TX 78730

My analysis of 7 comparable properties puts this home's estimated value at $360,787. Based on how the local market is moving, a list price between $245,000 and $255,000 would position this home well. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in MONTEVISTA CONDOMINIUMS's current inventory. At 201 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (54.37 acres versus the area average of 0.17) contributes to the valuation. Current inventory shows 7 comparable homes in MONTEVISTA CONDOMINIUMS; a buyer's market based on recent absorption. The 6 month price trend in 78730: fallen 7.2%. The best comp here is 6000 Shepherd Mountain CV # 710, Austin TX 78730 at an adjusted value of $433,440, a strong comparable. The comp data here (7 sales in MONTEVISTA CONDOMINIUMS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus