The comparable sales data (7 recent transactions in RIVER CITY LOFTS CONDO) supports an estimated value of $457,012. The data suggests a list price between $448,000 and $466,000 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. This home's larger footprint (201 sqft vs the comp average) plays a role in how the market prices it. Being built in 2003 (22 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 3001 Cedar ST # 208, Austin TX 78705 carries an adjusted comparable value of $410,626, 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