The market data from 7 similar recent sales in GALILEO CONDO points to a value of approximately $763,680. To sell within a reasonable timeframe at fair market value, the $508,000 to $518,000 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 29 years newer than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.17 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 7.6% over the past 6 months. One of the strongest data points is 910 W 25th ST # 206, Austin TX 78705, adjusting to $488,800; a strong comparable. 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