That's the correct price range, it can also be a bit lower if the condition and location are poor. I've generally put 1 bedroom 1 bath condo's at 250K and adjust from there. Adjust up, if the unit is large and been updated etc. Down, if the condition is poor and the location or project is not as desirable. Valuating blind doesn't really work, seeing any particular unit is everything, crunching numbers, like the real estate web sites that value property will yield some pretty poor results.