48 East Ave # 2407, Austin TX 78701

Off Market

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Ed's Opinion of Value

$434,042 Ed's Estimate: $488,910 $530,000

Lowest Comp Recommended List: $492,000 to $502,000 Highest Comp

My analysis of 7 comparable properties puts this home's estimated value at $488,910. Based on how the local market is moving, a list price between $492,000 and $502,000 would position this home well. Relative to what's currently available in 48 EAST NATIIVO, this home would be the most expensive of 3 comparable homes on the market. Buyers in 48 EAST NATIIVO have 3 comparable options right now, with asking prices between $437,500 and $530,000. The 6 month price trend in 78701: fallen 19.2%. The best comp here is 48 East Ave # 1607, Austin TX 78701 at an adjusted value of $443,042, a strong comparable. With 7 comparable sales in 48 EAST NATIIVO, 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

78701 Market Trends

$617,000 Median Sold Price ▼ 19.2% 6mo

$692/sqft Median $/SqFt ▲ 5.5% 6mo

114 days Avg Days on Market unchanged

211 homes Active Inventory 9.5 mo supply

94.9% Sale-to-List Ratio

133 Sales (6 months)

Recently Sold Comparables

$443,042 adjusted 48 East Ave # 1607, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0 mi Sold 3 months ago

$501,560 adjusted 48 East Ave # 2807, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0 mi Sold 12 days ago

$434,042 adjusted 48 East Ave # 1207, Austin TX 78701 1bd / 1.0ba • 699 sqft • 0 mi Sold 3 months ago

$492,066 adjusted 48 East Ave # 1605, Austin TX 78701 1bd / 1.0ba • 706 sqft • 0 mi Sold 8 months ago

$479,119 adjusted 48 E East Ave # 3203, Austin TX 78701 1bd / 1.0ba • 641 sqft • 0 mi Sold 2 months ago

Currently on Market

$475,900 84 EAST Ave # 2008, Austin TX 78701 1bd / 1.0ba • 667 sqft • 0.2 mi 4 days on market

$530,000 44 East Ave # 1602, Austin TX 78701 1bd / 1.0ba • 632 sqft • 0.1 mi 158 days on market

$437,500 610 Davis ST # 2607, Austin TX 78701 1bd / 1.0ba • 621 sqft • 0.3 mi 265 days on market

1 Beds

1 Baths 1 Full

699 Sq Ft

0.001 Acres

2022 Built

About This Property

Perfect lock and leave, primary residence or short term rental (STR). Built in 2021, the award winning Natiivo is the only condo building legally zoned for STR. This lovely FULLY FURNISHED one bedroom with covered balcony has exceptional views of Austin, Lady Bird Lake and the Hike and Bike trail while offering the nightlife and trendy restaurants of Rainey Street. It is the BEST POSSIBLE LOCATION. Outstanding nightly rental rates make the ROI on this attractive and leasing, check in/out, cleaning is seamless and easy. Austin Condo Hotel can provide more information on (short term rental) STR rental management. World class amenities including 24 hour concierge service, valet parking, gym/yoga/cycle studio, rooftop swimming pool with shaded cabanas, dog park, club room and bar.

Features

Ceiling Fan(s)
High Ceilings
Quartz Counters
Electric Dryer Hookup
High Speed Internet
No Interior Steps
Open Floorplan
Primary Bedroom on Main
Stackable W/D Connections
Washer Hookup

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Vinyl

Cooling Central Air

Heating Central

Exterior Balcony, Private Entrance, Restricted Access

County Travis

MLS # 8889100

HOA & Community

HOA Fee $577 /Monthly

HOA Includes Common Area Maintenance, Maintenance Grounds, Security, Trash

Tax Information

Annual Taxes (MLS) $11,182 (2023)

Listing History

MLS# 8889100 157 days

May 25, 2024	Off Market
Mar 22, 2024	Price Change	$560,000
Nov 7, 2023	Listed	$590,000

Frequently Asked Questions About 48 East Ave # 2407, Austin TX 78701

When was 48 East Ave # 2407, Austin TX 78701 built?

48 East Ave # 2407, Austin TX 78701 was built in 2022.

How much does 48 East Ave # 2407, Austin TX 78701 cost?

48 East Ave # 2407, Austin TX 78701 sold on May 25, 2024. Contact us for sale price details.

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