2709 E 5th ST # 2201, Austin TX 78702

After reviewing 3 recent transactions in 58EAS, I estimate this property's value at $447,856. A competitive list price for this home right now would fall in the $606,000 to $612,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in 58EAS's current inventory. The smaller lot (0.00 acres versus the area average of 0.04) contributes to the valuation. Current inventory shows 7 comparable homes in 58EAS; a buyer's market based on recent absorption. Prices in 78702 have fallen 6.6% over the last 6 months. A similar home at 2411 Santa Rosa ST # B, Austin TX 78702 carries an adjusted comparable value of $575,556, providing a strong data point. The comp data here (3 sales in 58EAS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus