620 S 1st ST # 214, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $550,916. For a well positioned listing in OAK KNOLL CONDO, I'd target the $261,000 to $271,000 range. With 7 comparable homes on the market in OAK KNOLL CONDO, this price positions the property as the most expensive of 7 comparable homes on the market. The 1968 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in OAK KNOLL CONDO; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 620 S 1st ST # 209, Austin TX 78704, with an adjusted value of $212,427; with a smaller floor plan. 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