The market data from 5 similar recent sales in NAMELESS HOLLOW CONDOMINIUMS points to a value of approximately $216,984. To sell within a reasonable timeframe at fair market value, the $213,000 to $221,000 range is where I'd position this. With 0 comparable homes on the market in NAMELESS HOLLOW CONDOMINIUMS, this price positions the property as no active comparable homes on the market. At 888 sqft smaller than the typical comp, the size difference factors into the valuation. The 1985 construction puts this home 39 years older than the comp average, a factor in the pricing. In 78641, home values have fallen approximately 1.5% over the past 6 months. One of the strongest data points is 2725 Woodall DR # 1702, Cedar Park TX 78613, adjusting to $227,941; with a larger floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group