311 W 5TH ST # 903, Austin TX 78701

After reviewing 7 recent transactions in 78701, I estimate this property's value at $1,535,097. A competitive list price for this home right now would fall in the $1,243,000 to $1,253,000 range. This would position the home competitively among 7 active listings in 78701. This home's larger footprint (115 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.04) contributes to the valuation. Right now, 7 similar properties are competing for buyers in 78701, listed between $1,269,000 and $2,599,000. Prices in 78701 have fallen 24.1% over the last 6 months. A similar home at 800 W 5th ST # 808, Austin TX 78703 carries an adjusted comparable value of $1,179,713, providing a strong data point. The comp data here (7 sales in 78701) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus