Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $658,807. To generate strong buyer interest while maximizing value, I'd price this between $280,000 and $290,000. Against 7 similar active listings in RIVER CITY LOFTS CONDO, this price point lands at the most expensive of 7 comparable homes on the market. The 161 sqft size difference versus comparable sales is reflected in the adjusted values. The 2003 construction puts this home 35 years newer than the comp average, a factor in the pricing. 7 similar homes are currently available in RIVER CITY LOFTS CONDO, creating a buyer's market for this price range. The trend in 78705 shows prices have fallen 11.7% in the past 6 months. 4015 Speedway # 1, Austin TX 78751 nearby adjusts to $412,798; a strong comparable. 7 comparable transactions in RIVER CITY LOFTS 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