Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $692,602. To generate strong buyer interest while maximizing value, I'd price this between $436,000 and $446,000. In the current WESTLAKE CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's smaller footprint (769 sqft vs the comp average) plays a role in how the market prices it. The 1970 construction puts this home 10 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in WESTLAKE CONDO (a buyer's market), competition is a factor to consider. The trend in 78746 shows prices have risen 8.1% in the past 6 months. 6204 Olympic Overlook, Austin TX 78746 nearby adjusts to $867,709; with a larger 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
