My analysis of 7 comparable properties puts this home's estimated value at $544,922. Based on how the local market is moving, a list price between $448,000 and $458,000 would position this home well. This would position the home competitively among 7 active listings in BROWN BLDG LOFTS CONDO. Being 170 sqft larger than the average comparable sale in this area impacts the per square foot value. At 19 years older than typical comps, the 1940 build date influences the valuation. There are currently 7 similar homes on the market in BROWN BLDG LOFTS CONDO, ranging from $455,000 to $1,100,000. The 6 month price trend in 78701: fallen 21.3%. The best comp here is 710 Colorado ST # 3B, Austin TX 78701 at an adjusted value of $588,792, a strong comparable. With 7 comparable sales in BROWN BLDG LOFTS CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group