1601 E 5th ST # 207, Austin TX 78702

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $479,337. I'd recommend coming to market at $470,000 to $489,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in SALTILLO LOFTS CONDO, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. Being 117 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2005, this home is 8 years older than the average comp, which is reflected in the adjustments. The active market in SALTILLO LOFTS CONDO includes 5 comparable homes priced from $399,900 to $589,950. The trend in 78702 shows prices have risen 1.9% in the past 6 months. 2401 E 6th ST # 6095, Austin TX 78702 nearby adjusts to $408,013; a strong comparable. Based on 7 relevant data points in SALTILLO LOFTS 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