311 W 5th ST # 603, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $693,491. For a well positioned listing in PLAZA LOFTS CONDO, I'd target the $491,000 to $501,000 range. Among the similar homes currently available in PLAZA LOFTS CONDO, this price point stands out as competitive. The 2002 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in PLAZA LOFTS CONDO; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 360 Nueces ST # 2105, Austin TX 78701, with an adjusted value of $632,385; a strong comparable. The 4 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