2506 S 5th ST # B, Austin TX 78704

The market data from 4 similar recent sales in 78704 points to a value of approximately $753,469. To sell within a reasonable timeframe at fair market value, the $653,000 to $663,000 range is where I'd position this. Among the similar homes currently available in 78704, this price point stands out as competitive. Being 110 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2008 construction puts this home 8 years older than the comp average, a factor in the pricing. Buyers in 78704 have 4 comparable options right now, with asking prices between $599,000 and $895,000. 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 $724,306; with a smaller floor plan. The 4 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