My analysis of 7 comparable properties puts this home's estimated value at $572,752. Based on how the local market is moving, a list price between $439,000 and $449,000 would position this home well. Relative to what's currently available in WEST END CONDO, this home would be the most expensive of 3 comparable homes on the market. At 8 years older than typical comps, the 1979 build date influences the valuation. The larger lot (0.06 acres versus the area average of 0.02) contributes to the valuation. Current inventory shows 3 comparable homes in WEST END CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78703: fallen 9.3%. The best comp here is 606 W Lynn ST # 16, Austin TX 78703 at an adjusted value of $561,276, a strong comparable. The comp data here (7 sales in WEST END CONDO) 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