The estimated value of this property is $171,766, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $237,000 and $283,000. Among the similar homes currently available in VICTORY HILL CONDO, this price point stands out as competitive. This home's smaller footprint (116 sqft vs the comp average) plays a role in how the market prices it. The 0.05 acre lot (smaller than the 0.10 acre average) is reflected in the estimate. 7 similar homes are currently available in VICTORY HILL CONDO, creating a buyer's market for this price range. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 6903 Deatonhill DR # 38, Austin TX 78745, with an adjusted value of $159,142; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group