909 Reinli ST # 225, Austin TX 78751

Taking into account 7 nearby comparable sales, this property's estimated value comes to $297,208. If we were to list this property today, I'd recommend a list price in the $235,000 to $245,000 range. This home's position in the current VERANDAS UPTOWN CONDO market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. Being built in 1975 (9 years newer than comps) is factored into the value estimate. Lot size matters here: 0.03 acres versus 0.08 for the typical comp. Current inventory shows 4 comparable homes in VERANDAS UPTOWN CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78751: risen 2.4%. The best comp here is 909 Reinli ST # 217, Austin TX 78751 at an adjusted value of $188,000, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in VERANDAS UPTOWN CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group