311 5 St W # 1105, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,443,234. To generate strong buyer interest while maximizing value, I'd price this between $966,000 and $976,000. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78701. The 2002 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78701, listed between $989,000 and $3,500,000. The trend in 78701 shows prices have fallen 23.9% in the past 6 months. 200 Congress Ave # 11E, Austin TX 78701 nearby adjusts to $1,391,170; 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