Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $589,433. I'd recommend coming to market at $578,000 to $601,000 to strike the right balance between value and market velocity. In the current WEST END CONDO market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 123 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 7 similar properties are competing for buyers in WEST END CONDO, listed between $369,000 and $675,000. The trend in 78703 shows prices have risen 5.8% in the past 6 months. 1115 W 10th ST # 205, Austin TX 78703 nearby adjusts to $435,519; a strong comparable. Based on 3 relevant data points in WEST END CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX