Based on what similar homes have actually sold for within a mile, I'd place this property's value at $435,463. I'd recommend coming to market at $422,000 to $449,000 to strike the right balance between value and market velocity. In the current CASTLE CONDO market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. At 173 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1970, this home is 7 years older than the average comp, which is reflected in the adjustments. Buyers in CASTLE CONDO have 2 comparable options right now, with asking prices between $529,000 and $999,000. The trend in 78746 shows prices have risen 1.7% in the past 6 months. 700 Castle Ridge RD # C, Austin TX 78746 nearby adjusts to $372,960; with a smaller floor plan. Based on 3 relevant data points in CASTLE CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX