2709 E 5th ST # 1202, Austin TX 78702

The market data from 7 similar recent sales in 58EAS points to a value of approximately $552,030. To sell within a reasonable timeframe at fair market value, the $365,000 to $375,000 range is where I'd position this. In the current 58EAS market with 4 similar homes available, this price represents the 0th most expensive of 4 comparable homes on the market. At 480 sqft smaller than the typical comp, the size difference factors into the valuation. The 2020 construction puts this home 31 years newer than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in 58EAS; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 6.6% over the past 6 months. One of the strongest data points is 511 Allen ST, Austin TX 78702, adjusting to $488,376; a strong comparable. 7 comparable transactions in 58EAS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group