2709 E 5th ST # 2301, Austin TX 78702

The market data from 3 similar recent sales in 58EAS points to a value of approximately $447,856. To sell within a reasonable timeframe at fair market value, the $606,000 to $612,000 range is where I'd position this. Against 7 similar active listings in 58EAS, this price point lands at the most affordable of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.04 acre comp average, which factors into pricing. With 7 similar homes currently listed in 58EAS (a buyer's market), competition is a factor to consider. In 78702, home values have fallen approximately 6.6% over the past 6 months. One of the strongest data points is 2411 Santa Rosa ST # B, Austin TX 78702, adjusting to $575,556; a strong comparable. 3 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