2505 S 5th ST # B, Austin TX 78704

After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $1,108,804. Pricing this home between $857,000 and $867,000 would put it in the competitive sweet spot for LA PERLA. This home's position in the current LA PERLA market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. At 263 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.20 acres versus the area average of 0.15) contributes to the valuation. The active market in LA PERLA includes 4 comparable homes priced from $785,000 to $1,150,000. Market data shows LA PERLA prices fallen 15.9% over the last half year. The closest comparable sale, 2707 La Mesa DR, Austin TX 78704 at an adjusted $1,184,472, is with a larger floor plan. With 6 comparable sales in LA PERLA, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group