After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $338,472. Pricing this home between $277,000 and $287,000 would put it in the competitive sweet spot for COURTYARD HOMES COBBLESTONE CONDO. This home's position in the current COURTYARD HOMES COBBLESTONE CONDO market: the most expensive of 3 comparable homes on the market among comparable properties. At 7 years older than typical comps, the 2002 build date influences the valuation. The smaller lot (0.03 acres versus the area average of 0.15) contributes to the valuation. 3 similar homes are currently available in COURTYARD HOMES COBBLESTONE CONDO, creating a balanced market for this price range. Market data shows 78729 prices risen 2.9% over the last half year. The closest comparable sale, 8518 Cahill DR # 23, Austin TX 78729 at an adjusted $302,400, is a strong comparable. With 4 comparable sales in COURTYARD HOMES COBBLESTONE 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
