2709 E 5th ST # 1203, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $552,030. Based on how the local market is moving, a list price between $365,000 and $375,000 would position this home well. This would position the home competitively among 4 active listings in 58EAS. The 480 sqft size difference versus comparable sales is reflected in the adjusted values. At 31 years newer than typical comps, the 2020 build date influences the valuation. Current inventory shows 4 comparable homes in 58EAS; a buyer's market based on recent absorption. The 6 month price trend in 78702: fallen 6.6%. The best comp here is 511 Allen ST, Austin TX 78702 at an adjusted value of $488,376, a strong comparable. With 7 comparable sales in 58EAS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group