2709 E 5th ST # 2305, Austin TX 78702

Based on 7 closed sales in 58EAS, the data points to a value around $551,684 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $365,000 to $375,000. This pricing would rank the home as the 0th most expensive of 4 comparable homes on the market in 58EAS's current inventory. Being 483 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2020 (31 years newer than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in 58EAS; a buyer's market based on recent absorption. Market data shows 78702 prices fallen 6.6% over the last half year. The closest comparable sale, 511 Allen ST, Austin TX 78702 at an adjusted $487,680, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 58EAS. 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