2506 S 5th ST # B, Austin TX 78704

Based on 7 closed sales in LA PERLA, the data points to a value around $804,088 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $541,000 to $551,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in LA PERLA's current inventory. Being built in 2008 (7 years newer than comps) is factored into the value estimate. Lot size matters here: 0.37 acres versus 0.32 for the typical comp. Current inventory shows 7 comparable homes in LA PERLA; a balanced market based on recent absorption. Market data shows LA PERLA prices fallen 15.9% over the last half year. The closest comparable sale, 204 Brewster ST, Austin TX 78704 at an adjusted $829,831, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus