The market data from 7 similar recent sales in TOWNE COURT CONDO points to a value of approximately $475,084. To sell within a reasonable timeframe at fair market value, the $498,000 to $502,000 range is where I'd position this. Against 6 similar active listings in TOWNE COURT CONDO, this price point lands at the most affordable of 6 comparable homes on the market. The pool is a differentiator here, since 7 of 7 comparable sales didn't include one. The 2004 construction puts this home 7 years older than the comp average, a factor in the pricing. 6 similar homes are currently available in TOWNE COURT CONDO, creating a buyer's market for this price range. In 78745, home values have fallen approximately 5.2% over the past 6 months. One of the strongest data points is 7337 Menchaca RD # 21, Austin TX 78745, adjusting to $424,435; with a smaller floor plan and no pool. 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
