2705 S 5th ST # A, Austin TX 78704

The estimated value of this property is $809,150, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $806,000 and $808,000. With 3 comparable homes on the market in 78704, this price positions the property as the most expensive of 3 comparable homes on the market. Being 120 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2007, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78704; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2707 Dulce LN # 7, Austin TX 78704, with an adjusted value of $802,320; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group