311 W 5th ST # 508, Austin TX 78701

The market data from 7 similar recent sales in PLAZA LOFTS CONDO points to a value of approximately $631,124. To sell within a reasonable timeframe at fair market value, the $527,000 to $537,000 range is where I'd position this. At this price, the property would be the 3rd least 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. Buyers in PLAZA LOFTS CONDO have 7 comparable options right now, with asking prices between $499,999 and $925,000. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 603 Davis ST # 813, Austin TX 78701, adjusting to $632,135; 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