Based on what similar homes have actually sold for within a mile, I'd place this property's value at $337,871. I'd recommend coming to market at $347,000 to $350,000 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 3rd most expensive of 7 comparable homes on the market. Built in 2006, this home is 26 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 $295,000 and $364,900. The trend in 78705 shows prices have fallen 4.6% in the past 6 months. 400 W 35th ST # 201, Austin TX 78705 nearby adjusts to $320,876; 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