1601 E 5th ST # 207, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $426,289. I'd recommend coming to market at $488,000 to $499,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in SALTILLO LOFTS CONDO, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 145 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.03 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. The active market in SALTILLO LOFTS CONDO includes 7 comparable homes priced from $419,000 to $599,950. The trend in 78702 shows prices have risen 1.5% in the past 6 months. 2401 E 6th ST # 6095, Austin TX 78702 nearby adjusts to $407,978; a strong comparable. Based on 4 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