311 W 5th ST # 506, Austin TX 78701

Austin, TX 78701 | Plaza Lofts Condo

Ed's Opinion of Value

$349,990 Ed's Estimate: $506,990 $579,529
Lowest Comp Recommended List: $364,000 to $374,000 Highest Comp
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
1 Beds
1 Baths 1 Full
930 Sq Ft
0.003 Acres
2002 Built
1 Garage

About This Property

Live in the iconic Plaza Lofts Condominiums and enjoy all of the benefits of residing Downtown! This elegant home is beautifully furnished with everything you'd want in a turn-key home. Not only can one enjoy over 900 Sf of living space and a large walkout balcony that stretches the length of the home, but the urban polished concrete floors, high exposed ceilings and freshly updated kitchen with more built-in storage and pantry space than found in many downtown condos, but the amenities also offer a rooftop pool, concierge, small fitness center and garage parking. The master bathroom offers a spa-like walk in shower, dual vanity sinks and in unit washer and dryer. This is a furnished unit, but for a longer lease term owners would consider leasing it unfurnished. Don't miss the opportunity to live just minutes from 2nd Street District, restaurants and the hike and bike trail. Apply online at www.pmiaustin.net

Features

  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School Burnet (Austin ISD)
High School Austin

Property Details

Property Type Residential Lease
Flooring Concrete
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 5868281

Parking

Garage 1 spaces

Listing History

MLS# 5868281 5 days
Sep 20, 2021 Off Market
Sep 11, 2021 Listed $3,200

Frequently Asked Questions About 311 W 5th ST # 506, Austin TX 78701

When was 311 W 5th ST # 506, Austin TX 78701 built?

311 W 5th ST # 506, Austin TX 78701 was built in 2002.

How much does 311 W 5th ST # 506, Austin TX 78701 cost?

311 W 5th ST # 506, Austin TX 78701 sold on September 20, 2021. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.