311 W 5th ST # 506, Austin TX 78701

The market data from 7 similar recent sales in PLAZA LOFTS CONDO points to a value of approximately $506,990. To sell within a reasonable timeframe at fair market value, the $364,000 to $374,000 range is where I'd position this. Among the similar homes currently available in PLAZA LOFTS CONDO, this price point stands out as competitive. The larger floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. 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 PLAZA LOFTS CONDO, listed between $349,990 and $495,000. In 78701, home values have fallen approximately 24.1% over the past 6 months. One of the strongest data points is 360 Nueces ST # 3207, Austin TX 78701, adjusting to $507,745; a strong comparable. 7 comparable transactions in PLAZA LOFTS CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group