Based on what similar homes have actually sold for within a mile, I'd place this property's value at $350,309. I'd recommend coming to market at $361,000 to $362,000 to strike the right balance between value and market velocity. In the current PARAGON CONDO market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 2006, this home is 22 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in PARAGON CONDO, listed between $289,000 and $404,900. The trend in 78705 shows prices have fallen 12.3% in the past 6 months. 3111 Tom Green ST # 203, Austin TX 78705 nearby adjusts to $348,093; a strong comparable. 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