3004 S 5th ST # A, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $1,102,614. Based on how the local market is moving, a list price between $1,261,000 and $1,400,000 would position this home well. Relative to what's currently available in GARDEN OAKS, this home would be the 2nd least expensive of 5 comparable homes on the market. The smaller floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 5 comparable homes in GARDEN OAKS; a buyer's market based on recent absorption. The 6 month price trend in GARDEN OAKS: fallen 23.5%. The best comp here is 3100 S 5th ST # 1, Austin TX 78704 at an adjusted value of $869,819, with a larger floor plan. With 7 comparable sales in GARDEN OAKS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group