The estimated value of this property is $674,015, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $515,000 and $525,000. Among the similar homes currently available in RIVER CITY LOFTS CONDO, this price point stands out as competitive. Built in 2003, this home is 43 years newer than the average comp, which is reflected in the adjustments. The 0.03 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. Buyers in RIVER CITY LOFTS CONDO have 7 comparable options right now, with asking prices between $495,000 and $1,074,900. Recent trends in 78705 show home values have fallen 12% since 6 months ago. The most comparable recent sale is 407 Towne Park TRL, Austin TX 78751, with an adjusted value of $572,346; 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