2709 E 5th ST # 1304, Austin TX 78702

Based on 7 closed sales in 58EAS, the data points to a value around $552,030 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. At 480 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 2020 (31 years newer than comps) is factored into the value estimate. Right now, 4 similar properties are competing for buyers in 58EAS, listed between $369,000 and $495,000. 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 $488,376, 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