410 E 5th ST # 209, Austin TX 78701

The market data from 7 similar recent sales in DOWNTOWN points to a value of approximately $702,217. To sell within a reasonable timeframe at fair market value, the $384,000 to $394,000 range is where I'd position this. Against 7 similar active listings in DOWNTOWN, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1999 construction puts this home 8 years older than the comp average, a factor in the pricing. At 1.00 acres, the lot is larger than the 0.00 acre comp average, which factors into pricing. With 7 similar homes currently listed in DOWNTOWN (a buyer's market), competition is a factor to consider. In 78701, home values have fallen approximately 21.3% over the past 6 months. One of the strongest data points is 603 Davis ST # 1901, Austin TX 78701, adjusting to $553,796; 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