2505 S 5th ST S # A, Austin TX 78704

Taking into account 6 nearby comparable sales, this property's estimated value comes to $1,087,737. If we were to list this property today, I'd recommend a list price in the $841,000 to $851,000 range. Buyers shopping in LA PERLA right now would see this as a well positioned option among 4 comparable homes. At 263 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.20 acres versus 0.15 for the typical comp. Right now, 4 similar properties are competing for buyers in LA PERLA, listed between $785,000 and $1,150,000. The 6 month price trend in LA PERLA: fallen 15.9%. The best comp here is 2707 La Mesa DR, Austin TX 78704 at an adjusted value of $1,160,472, with a larger floor plan. The strength of this estimate comes from 6 directly comparable sales in LA PERLA. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group