311 W 5th ST # 708, Austin TX 78701

Taking into account 7 nearby comparable sales, this property's estimated value comes to $632,412. If we were to list this property today, I'd recommend a list price in the $527,000 to $537,000 range. This home's position in the current PLAZA LOFTS CONDO market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. Being built in 2002 (5 years older than comps) is factored into the value estimate. 7 similar homes are currently available in PLAZA LOFTS CONDO, creating a buyer's market for this price range. The 6 month price trend in 78701: fallen 24.1%. The best comp here is 360 Nueces ST # 2105, Austin TX 78701 at an adjusted value of $682,991, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PLAZA LOFTS CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group