311 W 5th ST # 802, Austin TX 78701

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,598,812. I'd recommend coming to market at $927,000 to $937,000 to strike the right balance between value and market velocity. Against 3 similar active listings in PLAZA LOFTS CONDO, this price point lands at the most expensive of 3 comparable homes on the market. Built in 2002, this home is 5 years older than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in PLAZA LOFTS CONDO, listed between $885,000 and $1,075,000. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 200 Congress Ave # 11E, Austin TX 78701 nearby adjusts to $1,569,233; a strong comparable. Based on 7 relevant data points in PLAZA LOFTS CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX