The comparable sales data (7 recent transactions in RIVER CITY LOFTS CONDO) supports an estimated value of $752,928. The data suggests a list price between $517,000 and $527,000 would attract qualified buyers without leaving money on the table. Buyers shopping in RIVER CITY LOFTS CONDO right now would see this as a well positioned option among 7 comparable homes. Being built in 2003 (54 years newer than comps) is factored into the value estimate. Lot size matters here: 0.03 acres versus 0.10 for the typical comp. There are currently 7 similar homes on the market in RIVER CITY LOFTS CONDO, ranging from $509,000 to $1,074,900. Prices in 78705 have fallen 11.7% over the last 6 months. A similar home at 407 Towne Park TRL, Austin TX 78751 carries an adjusted comparable value of $574,289, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RIVER CITY LOFTS 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