311 W 5th ST # 504, Austin TX 78701

Taking into account 6 nearby comparable sales, this property's estimated value comes to $680,711. If we were to list this property today, I'd recommend a list price in the $480,000 to $490,000 range. This would position the home competitively among 7 active listings in PLAZA LOFTS CONDO. Being built in 2002 (5 years older than comps) is factored into the value estimate. The active market in PLAZA LOFTS CONDO includes 7 comparable homes priced from $460,000 to $849,000. The 6 month price trend in 78701: fallen 21.3%. The best comp here is 603 Davis ST # 1901, Austin TX 78701 at an adjusted value of $541,103, with a smaller floor plan. The strength of this estimate comes from 6 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