311 W 5th ST # 1207, Austin TX 78701

Off Market

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Ed's Opinion of Value

$442,969 Ed's Estimate: $606,251 $768,038

Lowest Comp Recommended List: $512,000 to $522,000 Highest Comp

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $606,251. I'd recommend coming to market at $512,000 to $522,000 to strike the right balance between value and market velocity. Among the similar homes currently available in PLAZA LOFTS CONDO, this price point stands out as competitive. Built in 2002, this home is 5 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in PLAZA LOFTS CONDO, creating a buyer's market for this price range. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 603 Davis ST # 703, Austin TX 78701 nearby adjusts to $463,055; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group

78701 Market Trends

$569,548 Median Sold Price ▼ 24.1% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

241 homes Active Inventory 14.8 mo supply

94.7% Sale-to-List Ratio

98 Sales (6 months)

Recently Sold Comparables

$463,055 adjusted 603 Davis ST # 703, Austin TX 78701 2bd / 2.0ba • 1,176 sqft • 0.4 mi Sold 5 months ago

$617,675 adjusted 603 Davis ST # 813, Austin TX 78701 2bd / 2.0ba • 1,219 sqft • 0.4 mi Sold 7 months ago

$668,603 adjusted 360 Nueces ST # 2105, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.6 mi Sold 1 months ago

$442,969 adjusted 603 Davis ST # 603, Austin TX 78701 2bd / 2.0ba • 1,175 sqft • 0.4 mi Sold 6 months ago

$768,038 adjusted 360 Nueces ST # 3705, Austin TX 78701 2bd / 2.0ba • 1,225 sqft • 0.6 mi Sold 12 months ago

Currently on Market

$600,000 311 W 5TH ST # 703, Austin TX 78701 1bd / 1.0ba • 1,176 sqft • 0.4 mi 1 days on market

$595,000 311 W 5th ST # 704, Austin TX 78701 1bd / 1.0ba • 1,176 sqft • 0.4 mi 74 days on market

$499,999 555 E 5th ST # 521, Austin TX 78701 1bd / 1.0ba • 1,245 sqft • 0.1 mi 173 days on market

1 Beds

2 Baths 1 Full, 1 Half

1,199 Sq Ft

0.004 Acres

2002 Built

1 Garage

About This Property

Priced for a quick sale! over $100,000 under market value. Buy now and save thousands. Stunning top floor loft at the Plaza Lofts in the heard of downtown. Features include exquisite lighting, custom zebra wood doors & cabinetry throughout, concrete floors, granite, travertine limestone baths, stainless appliances. Spacious and open! Perfect for entertaining. must see!Restrictions: Yes

Features

High Ceilings
Primary Bedroom on Main

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Carpet, Concrete

Cooling Central Air

Heating Central

Exterior None

County Travis

MLS # 2814868

Parking

Garage 1 spaces

HOA & Community

HOA Fee $464 /Monthly

HOA Includes Common Area Maintenance, Insurance, Maintenance Structure, Sewer

Tax Information

Annual Taxes $9,943 (2007)

Listing History

MLS# 2814868 185 days (201 CDOM)

Nov 24, 2008	Off Market
Oct 20, 2008	Pending
Oct 13, 2008	Price Change	$320,000
Apr 18, 2008	Listed	$465,500

Frequently Asked Questions About 311 W 5th ST # 1207, Austin TX 78701

When was 311 W 5th ST # 1207, Austin TX 78701 built?

311 W 5th ST # 1207, Austin TX 78701 was built in 2002.

How much does 311 W 5th ST # 1207, Austin TX 78701 cost?

311 W 5th ST # 1207, Austin TX 78701 sold on November 24, 2008. Contact us for sale price details.

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