After reviewing 5 recent transactions in INDEPENDENCE PARK CONDO, I estimate this property's value at $584,909. A competitive list price for this home right now would fall in the $567,000 to $602,000 range. This home's position in the current INDEPENDENCE PARK CONDO market: the most affordable of 3 comparable homes on the market among comparable properties. At 148 sqft larger than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2007 build date influences the valuation. Right now, 3 similar properties are competing for buyers in INDEPENDENCE PARK CONDO, listed between $625,000 and $700,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 6116 Whipple WAY, Austin TX 78745 carries an adjusted comparable value of $620,544, providing a strong data point. With 5 comparable sales in INDEPENDENCE PARK 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
