The market data from 7 similar recent sales in NAMELESS HOLLOW CONDOMINIUMS points to a value of approximately $184,116. To sell within a reasonable timeframe at fair market value, the $257,000 to $258,000 range is where I'd position this. With 4 comparable homes on the market in NAMELESS HOLLOW CONDOMINIUMS, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. At 136 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.00 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in NAMELESS HOLLOW CONDOMINIUMS; a buyer's market based on recent absorption. In 78641, home values have fallen approximately 4.8% over the past 6 months. One of the strongest data points is 18215 Center ST, Jonestown TX 78645, adjusting to $180,721; a strong comparable. The 7 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