2709 E 5th ST # 2204, Austin TX 78702

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $488,712. Pricing this home between $479,000 and $498,000 would put it in the competitive sweet spot for 58EAS. Relative to what's currently available in 58EAS, this home would be the 3rd most expensive of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. With 7 similar homes currently listed in 58EAS (a buyer's market), competition is a factor to consider. Market data shows 78702 prices fallen 1.5% over the last half year. The closest comparable sale, 1904 E 8TH ST, Austin TX 78702 at an adjusted $285,611, is with a larger floor plan. The comp data here (7 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