311 W 5th ST # 1001, Austin TX 78701

My analysis of 7 comparable properties puts this home's estimated value at $496,832. Based on how the local market is moving, a list price between $357,000 and $367,000 would position this home well. This home's position in the current PLAZA LOFTS CONDO market: the most expensive of 7 comparable homes on the market among comparable properties. At 114 sqft larger than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2002 build date influences the valuation. 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 21.3%. The best comp here is 555 E 5th ST # 2801, Austin TX 78701 at an adjusted value of $568,547, a strong comparable. With 7 comparable sales in PLAZA LOFTS CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group