311 W 5th ST # 901, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $506,601. To generate strong buyer interest while maximizing value, I'd price this between $364,000 and $374,000. Among the similar homes currently available in PLAZA LOFTS CONDO, this price point stands out as competitive. The 112 sqft size difference versus comparable sales is reflected in the adjusted values. The 2002 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in PLAZA LOFTS CONDO; a buyer's market based on recent absorption. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 555 E 5th ST # 2801, Austin TX 78701 nearby adjusts to $579,529; 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