1601 E 5th ST # 221, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $354,475. I'd recommend coming to market at $344,000 to $365,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 78702, this price point lands at the most expensive of 4 comparable homes on the market. Built in 2005, this home is 5 years older than the average comp, which is reflected in the adjustments. The active market in 78702 includes 4 comparable homes priced from $320,000 to $389,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 2235 E 6th ST # 302, Austin TX 78702 nearby adjusts to $359,339; a strong comparable. Based on 4 relevant data points in 78702, 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