311 W 5th ST # 701, Austin TX 78701

After reviewing 7 recent transactions in PLAZA LOFTS CONDO, I estimate this property's value at $506,760. A competitive list price for this home right now would fall in the $364,000 to $374,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in PLAZA LOFTS CONDO's current inventory. The larger floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5 years older than typical comps, the 2002 build date influences the valuation. Buyers in PLAZA LOFTS CONDO have 7 comparable options right now, with asking prices between $349,990 and $495,000. Prices in 78701 have fallen 23.9% over the last 6 months. A similar home at 555 E 5th ST # 2801, Austin TX 78701 carries an adjusted comparable value of $579,613, providing a strong data point. With 7 comparable sales in PLAZA LOFTS CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group