311 W 5th ST # 605, Austin TX 78701

Austin, TX 78701 | Plaza Lofts Condo | Built by O

Ed's Opinion of Value

$767,900 Ed's Estimate: $1,610,199 $3,500,000
Lowest Comp Recommended List: $946,000 to $956,000 Highest Comp
The market data from 7 similar recent sales in PLAZA LOFTS CONDO points to a value of approximately $1,610,199. To sell within a reasonable timeframe at fair market value, the $946,000 to $956,000 range is where I'd position this. 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 PLAZA LOFTS CONDO. The 2002 construction puts this home 5 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in PLAZA LOFTS CONDO, creating a buyer's market for this price range. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 200 Congress Ave # 11E, Austin TX 78701, adjusting to $1,599,840; 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
2 Beds
2 Baths 2 Full
1,896 Sq Ft
0.006 Acres
2002 Built
1 Garage

About This Property

Spacious Downtown Loft overlooking Republic Square Park with gorgeous views of the ever-changing Austin skyline. This is a NW facing 2BD | 2BA corner loft in the heart of the Warehouse District in Downtown Austin. Walking distance to great dining, hotels, entertainment, the Lady Bird Lake Hike & Bike Trail and more. A true loft with exposed 13 ft. ceilings that create a great feel inside the unit. Expansive full walls of bay windows, polished concrete floors and a private balcony overlooking the park. The loft is large, measuring 1,896 square feet and is move-in ready. The large living space and flexible floor-plan also provides potential for a buyer to renovate the unit to create their ideal downtown home. The Plaza Lofts is a boutique, sought after condominium in desirable 78701. The shared amenities include a resident lobby with seating, controlled and monitored building access, a dedicated and tight-knit HOA, lobby concierge service 7 days a week, a rooftop pool, an onsite gym and an enclosed parking garage. Parking space is #35 and storage cage, closest to stairwell across from the parking spot.

Features

  • Entrance Foyer
  • Kitchen Island
  • Storage

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Concrete
Cooling Central Air
Heating Central
Exterior Balcony, No Exterior Steps
County Travis
MLS # 5518370

Parking

Garage 1 spaces

HOA & Community

HOA Fee $1,725 /Monthly
HOA Includes Common Area Maintenance, Insurance, Landscaping, Parking, Pest Control, Security, Trash, See Remarks

Tax Information

Annual Taxes $13,246 (2022)

Listing History

MLS# 5518370 32 days
May 17, 2024 Off Market
Apr 29, 2024 Price Change $1,053,000
Apr 2, 2024 Listed $1,145,000

Frequently Asked Questions About 311 W 5th ST # 605, Austin TX 78701

When was 311 W 5th ST # 605, Austin TX 78701 built?

311 W 5th ST # 605, Austin TX 78701 was built in 2002.

How much does 311 W 5th ST # 605, Austin TX 78701 cost?

311 W 5th ST # 605, Austin TX 78701 sold on May 17, 2024. 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.