2316 S 5th ST, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $676,968. For a well positioned listing in 78704, I'd target the $983,000 to $1,040,000 range. With 7 comparable homes on the market in 78704, this price positions the property as the most affordable of 7 comparable homes on the market. The 1959 construction puts this home 32 years older than the comp average, a factor in the pricing. At 0.10 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 900 S 1st ST # 212, Austin TX 78704, with an adjusted value of $642,070; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group