2709 E 5th ST # 1205, 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. At this price, the property would be the 0th most expensive of 4 comparable homes on the market comparable homes currently on the market in 58EAS. This home's smaller footprint (480 sqft vs the comp average) plays a role in how the market prices it. The 2020 construction puts this home 31 years newer than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in 58EAS, ranging from $369,000 to $495,000. 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. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group