The comparable sales data (7 recent transactions in RIVER CITY LOFTS CONDO) supports an estimated value of $663,792. The data suggests a list price between $352,000 and $362,000 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 (48 years newer than comps) is factored into the value estimate. Lot size matters here: 0.04 acres versus 0.18 for the typical comp. There are currently 7 similar homes on the market in RIVER CITY LOFTS CONDO, ranging from $324,900 to $850,000. Prices in 78705 have fallen 17.3% over the last 6 months. A similar home at 4005 Avenue F Ave, Austin TX 78751 carries an adjusted comparable value of $1,003,531, 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