The market data from 7 similar recent sales in VALLEYSIDE PLACE CONDO points to a value of approximately $267,472. To sell within a reasonable timeframe at fair market value, the $221,000 to $231,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in VALLEYSIDE PLACE CONDO. The 1984 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.10 acres, the lot is larger than the 0.07 acre comp average, which factors into pricing. 4 similar homes are currently available in VALLEYSIDE PLACE CONDO, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 6814 Old Quarry LN, Austin TX 78731, adjusting to $307,776; a strong comparable. 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