1122 Colorado ST # 1206, Austin TX 78701

Off Market

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Ed's Opinion of Value

$447,710 Ed's Estimate: $589,236 $771,258

Lowest Comp Recommended List: $457,000 to $467,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $589,236. For a well positioned listing in WESTGATE CONDO, I'd target the $457,000 to $467,000 range. Among the similar homes currently available in WESTGATE CONDO, this price point stands out as competitive. The 1965 construction puts this home 15 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in WESTGATE CONDO; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 22.1% since 6 months ago. The most comparable recent sale is 1122 Colorado ST # 1507, Austin TX 78701, with an adjusted value of $533,618; 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

78701 Market Trends

$626,250 Median Sold Price ▼ 22.1% 6mo

$692/sqft Median $/SqFt ▲ 3.7% 6mo

115 days Avg Days on Market 5 days slower

206 homes Active Inventory 9.2 mo supply

94.8% Sale-to-List Ratio

134 Sales (6 months)

Recently Sold Comparables

$533,618 adjusted 1122 Colorado ST # 1507, Austin TX 78701 2bd / 2.0ba • 1,178 sqft • 0 mi Sold 8 months ago

$481,880 adjusted 1122 Colorado ST # 1409, Austin TX 78701 2bd / 2.0ba • 1,014 sqft • 0 mi Sold 1 months ago

$447,710 adjusted 1101 Shoal Creek BLVD # 2, Austin TX 78701 2bd / 2.0ba • 1,266 sqft • 0.5 mi Sold 9 months ago

$771,258 adjusted 360 Nueces ST # 4009, Austin TX 78701 2bd / 2.0ba • 1,244 sqft • 0.6 mi Sold 2 months ago

$610,412 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.6 mi Sold 4 months ago

Currently on Market

$474,900 1801 Lavaca ST # 4K, Austin TX 78701 2bd / 2.0ba • 1,169 sqft • 0.5 mi 1 days on market

$740,000 360 Nueces ST # 1611, Austin TX 78701 2bd / 2.0ba • 1,221 sqft • 0.6 mi 12 days on market

$449,000 1115 W 10th ST # 205, Austin TX 78703 2bd / 2.0ba • 1,251 sqft • 0.7 mi 131 days on market

2 Beds

2 Baths 2 Full

1,212 Sq Ft

0.004 Acres

1965 Built

1 Garage

About This Property

Sweeping city views of iconic landmarks from every window of this 12th floor unit in the historic Westgate. Across from Capitol & Governor's Mansion. Spacious light-filled liv/din combo w/5 balconies, 5 glass doors & bamboo floors perfect for entertaining. Two large bedrooms w/balconies & glass doors & cityscape views. Enjoy white glove concierge service 24/7. On-site cleaning & repairs available. Amenities: gym, sauna, rooftop pool and dramatic 2-story sun/rec room. Easy walk to all of downtown Austin.

Features

Bookcases
Entrance Foyer
No Interior Steps
Primary Bedroom on Main

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Bamboo, Tile

Cooling Central Air

Heating Central

Exterior Balcony, Elevator

County Travis

MLS # 6100415

Garage 1 spaces

HOA & Community

HOA Fee $844 /Monthly

HOA Includes Electricity, Parking, Trash, Water

Tax Information

Annual Taxes (MLS) $12,609 (2019)

Listing History

MLS# 6100415 217 days

Mar 13, 2020	Off Market
Mar 5, 2020	Pending
Jul 26, 2019	Listed	$750,000

Frequently Asked Questions About 1122 Colorado ST # 1206, Austin TX 78701

When was 1122 Colorado ST # 1206, Austin TX 78701 built?

1122 Colorado ST # 1206, Austin TX 78701 was built in 1965.

How much does 1122 Colorado ST # 1206, Austin TX 78701 cost?

1122 Colorado ST # 1206, Austin TX 78701 sold on March 13, 2020. Contact us for sale price details.

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