Based on 3 closed sales in TOWN LAKE RESIDENCES CONDO, the data points to a value around $2,031,608 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,946,000 to $3,221,000. This would position the home competitively among 7 active listings in TOWN LAKE RESIDENCES CONDO. The larger floor plan (400 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in TOWN LAKE RESIDENCES CONDO (a buyer's market), competition is a factor to consider. Market data shows 78701 prices fallen 21.3% over the last half year. The closest comparable sale, 800 W 5th ST # 808, Austin TX 78703 at an adjusted $1,484,263, is with a smaller floor plan. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
