311 W 5th # 504, Austin TX 78701

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $584,772. Pricing this home between $481,000 and $491,000 would put it in the competitive sweet spot for 78701. Relative to what's currently available in 78701, this home would be the 3rd least expensive of 7 comparable homes on the market. 7 similar homes are currently available in 78701, creating a buyer's market for this price range. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 800 W. 5th ST # 809, Austin TX 78703 at an adjusted $462,042, is a strong comparable. With 7 comparable sales in 78701, 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