I'll have a loan officer from University Federal Credit Union available to answer financing questions too - really important info for condo-buying. Q & A is at Juice Homes Office at 508 E. 53rd St. #103 (53rd and Duval) on Wednesday at 6pm - hope to see you.
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Best of luck!
Please feel free to contact me anytime.
For newer construction, properties like, Texan Tower, Caswell Lofts and The Galileo, you are seeing prices from $260 to $330 a foot. For Mid range properties Built in late 70's like Orange Tree condominiums to the mid 90's like the Centennial Condominiums 1 bedrooms range from $205 to as high as $260 a foot, 2 bedrooms range from $195 to $245 a foot.
Depending on what you are looking to do, there are a lot of different ways to determine value, if you are an investor, which I assume you are, the best approach is a capitalization rate or straight cash on cash return. If you are buying for a son or daughter and planning on renting rooms to friends you can also run a cash on cash return approach. Either way, current rents will be a solid factor in determining value.
If you would like to discuss this more and work with a broker that has 7+ years of direct experience in this market, I would be happy to help you out.
Realty Pros of Austin\
Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012) Call 512-261-4415