The comparable sales data (7 recent transactions in RIVER CITY LOFTS CONDO) supports an estimated value of $443,501. The data suggests a list price between $435,000 and $452,000 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. The 461 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2003 (23 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in RIVER CITY LOFTS CONDO, ranging from $324,900 to $1,360,000. Prices in 78705 have fallen 0.6% over the last 6 months. A similar home at 433 Towne Park TRL, Austin TX 78751 carries an adjusted comparable value of $705,006, 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