311 W 5th ST # 702, Austin TX 78701

The estimated value of this property is $1,665,467, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,017,000 and $1,027,000. Against 6 similar active listings in PLAZA LOFTS CONDO, this price point lands at the most expensive of 6 comparable homes on the market. Built in 2002, this home is 5 years older than the average comp, which is reflected in the adjustments. The active market in PLAZA LOFTS CONDO includes 6 comparable homes priced from $999,000 to $3,500,000. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 200 Congress Ave # 11E, Austin TX 78701, with an adjusted value of $1,528,906; a strong comparable. With 6 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