2504 S 5th ST # A, Austin TX 78704

The market data from 7 similar recent sales in 78704 points to a value of approximately $680,745. To sell within a reasonable timeframe at fair market value, the $579,000 to $589,000 range is where I'd position this. In the current 78704 market with 6 similar homes available, this price represents the 2nd most expensive of 6 comparable homes on the market. The 218 sqft size difference versus comparable sales is reflected in the adjusted values. The 2008 construction puts this home 9 years newer than the comp average, a factor in the pricing. With 6 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 506 South Park DR # 1, Austin TX 78704, adjusting to $692,719; with a smaller floor plan. 7 comparable transactions in 78704 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group