1502 W 5th ST # L2, Austin TX 78703

Off Market

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Ed's Opinion of Value

$309,090 Ed's Estimate: $434,466 $650,788

Lowest Comp Recommended List: $374,000 to $384,000 Highest Comp

After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $434,466. Pricing this home between $374,000 and $384,000 would put it in the competitive sweet spot for VILLA WEST CONDO. This home's position in the current VILLA WEST CONDO market: the most expensive of 3 comparable homes on the market among comparable properties. This home's smaller footprint (148 sqft vs the comp average) plays a role in how the market prices it. With 3 similar homes currently listed in VILLA WEST CONDO (a buyer's market), competition is a factor to consider. Market data shows 78703 prices risen 9.7% over the last half year. The closest comparable sale, 40 N Interstate 35 Highway, Austin TX 78701 at an adjusted $309,090, is a strong comparable. With 6 comparable sales in VILLA WEST CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group

78703 Market Trends

$1,522,500 Median Sold Price ▲ 9.7% 6mo

$643/sqft Median $/SqFt ▲ 0.9% 6mo

63 days Avg Days on Market 23 days faster

123 homes Active Inventory 7.4 mo supply

95.2% Sale-to-List Ratio

100 Sales (6 months)

Recently Sold Comparables

$309,090 adjusted 40 N Interstate 35 Highway, Austin TX 78701 2bd / 2.0ba • 1,234 sqft • 1.9 mi Sold 6 months ago

$445,648 adjusted 40 N Interstate Hwy 35, Austin TX 78701 2bd / 2.0ba • 1,288 sqft • 1.9 mi Sold 2 months ago

$586,861 adjusted 1201 Castle Hill ST # 105, Austin TX 78703 2bd / 2.0ba • 1,389 sqft • 0.6 mi Sold 6 months ago

$650,788 adjusted 1502 W 5th ST # H2, Austin TX 78703 3bd / 2.0ba • 1,470 sqft • 0.1 mi Sold 2 months ago

$345,148 adjusted 40 N Interstate Hwy 35, Austin TX 78701 2bd / 2.0ba • 1,288 sqft • 1.9 mi Sold 11 months ago

Currently on Market

$449,000 1115 W 10th ST # 205, Austin TX 78703 2bd / 2.0ba • 1,251 sqft • 0.5 mi 81 days on market

$409,000 40 N Interstate 35, Austin TX 78701 2bd / 2.0ba • 1,288 sqft • 1.9 mi 90 days on market

$434,000 40 N Interstate 35 Highway, Austin TX 78701 2bd / 2.0ba • 1,234 sqft • 1.9 mi 276 days on market

2 Beds

2 Baths 2 Full, 2 Half

1,178 Sq Ft

0.0309 Acres

1981 Built

1 Garage

About This Property

No stone was left unturned in this beautifully renovated Villa West Condo. Corner unit with 10’ ceilings, open floor plan and brand-new Anderson windows and doors create a bright sunlit atmosphere. A kitchen designed for a chef with all new Kitchen-Aid appliance, large island with quartz countertops and an oversized porcelain farm sink, floor to ceiling cabinets, and a separate bar and beverage fridge. There is a wood burning fireplace in the living room bordered on each side by bookshelves. Additional designer finishes include white oak flooring throughout, designer window shades, and bathrooms that are perfectly on-trend with gorgeous tile and quartz countertops, Toto toilets and a Toto Washlet Bidet/toilet in the primary.
Villa West is a true gem, offering easy walkability to restaurants and retail along W. 5th and W. 6th streets, and the Clarksville area.

Features

Bidet
Built-in Features
Ceiling Fan(s)
High Ceilings
Quartz Counters
Crown Molding
Electric Dryer Hookup
Eat-in Kitchen
Elevator
Kitchen Island
Primary Bedroom on Main
Recessed Lighting
Smart Thermostat
Storage
Walk-In Closet(s)
Washer Hookup

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential Lease

Flooring Tile, Wood

Cooling Ceiling Fan(s), Central Air

Heating Central

Exterior Balcony, Uncovered Courtyard, Garden

County Travis

MLS # 7121963

Garage 1 spaces

HOA & Community

HOA Fee $622 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Trash

Tax Information

Annual Taxes (MLS) $10,026 (2023)

Listing History

MLS# 7121963 27 days

Apr 30, 2024	Off Market
Mar 27, 2024	Listed		$3,700

Frequently Asked Questions About 1502 W 5th ST # L2, Austin TX 78703

When was 1502 W 5th ST # L2, Austin TX 78703 built?

1502 W 5th ST # L2, Austin TX 78703 was built in 1981.

How much does 1502 W 5th ST # L2, Austin TX 78703 cost?

1502 W 5th ST # L2, Austin TX 78703 sold on April 30, 2024. Contact us for sale price details.

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Apr 25, 2024	Off Market
Apr 18, 2024	Listed		$899,000