The market data from 7 similar recent sales in GALILEO CONDO points to a value of approximately $839,284. To sell within a reasonable timeframe at fair market value, the $530,000 to $540,000 range is where I'd position this. Among the similar homes currently available in GALILEO CONDO, this price point stands out as competitive. The 2008 construction puts this home 35 years newer than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. 7 similar homes are currently available in GALILEO CONDO, creating a buyer's market for this price range. In 78705, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 4313 Duval ST, Austin TX 78751, adjusting to $725,622; with a smaller floor plan. 7 comparable transactions in GALILEO CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group