1305 E 6th ST # 5, Austin TX 78702

The estimated value of this property is $620,457, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $393,000 and $403,000. In the current 1305 LOFTS A CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 2006, this home is 8 years newer than the average comp, which is reflected in the adjustments. The 0.03 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. With 3 similar homes currently listed in 1305 LOFTS A CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1605 Willow ST # B, Austin TX 78702, with an adjusted value of $600,903; a strong comparable. Based on 7 relevant data points in 1305 LOFTS A CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX