1601 E. 5th ST # 222, Austin TX 78702

After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $354,466. Pricing this home between $344,000 and $365,000 would put it in the competitive sweet spot for 78702. Relative to what's currently available in 78702, this home would be the most expensive of 4 comparable homes on the market. At 5 years older than typical comps, the 2005 build date influences the valuation. Current inventory shows 4 comparable homes in 78702; a buyer's market based on recent absorption. Market data shows 78702 prices fallen 2.6% over the last half year. The closest comparable sale, 2235 E 6th ST # 302, Austin TX 78702 at an adjusted $359,377, is a strong comparable. The comp data here (4 sales in 78702) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus