311 W 5th ST # 1201, Austin TX 78701

The estimated value of this property is $429,867, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $477,000 and $538,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78701. Built in 2002, this home is 5 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 78701, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 13.8% since 6 months ago. The most comparable recent sale is 54 Rainey ST # 416, Austin TX 78701, with an adjusted value of $416,682; a strong comparable. With 7 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