2705 S 5th ST # B, Austin TX 78704

Taking into account 3 nearby comparable sales, this property's estimated value comes to $741,445. If we were to list this property today, I'd recommend a list price in the $615,000 to $625,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in 78704's current inventory. Being built in 2007 (6 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.12 for the typical comp. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 1.6%. The best comp here is 2707 La Mesa DR, Austin TX 78704 at an adjusted value of $1,016,353, with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in 78704. 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