48 East Ave # 2903, Austin TX 78701

Austin, TX 78701 | 48 East Condos

Ed's Opinion of Value

$416,000 Ed's Estimate: $534,571 $669,566
Lowest Comp Recommended List: $524,000 to $545,000 Highest Comp

Listing History

$725,000 List Price
$526,636 Comp Value
1 Price Reductions

This property was listed at $725,000 and withdrawn after 118 days on market. The price was reduced from $775,000 to $725,000. This listing activity factors into the valuation.

Based on 3 closed sales in 48 EAST CONDOS, the data points to a value around $534,571 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $524,000 to $545,000. Relative to what's currently available in 48 EAST CONDOS, this home would be the 3rd least expensive of 6 comparable homes on the market. Being built in 2021 (5 years newer than comps) is factored into the value estimate. Lot size matters here: 0.41 acres versus 0.15 for the typical comp. The strength of this estimate comes from 3 directly comparable sales in 48 EAST CONDOS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
1 Beds
1 Baths 1 Full
641 Sq Ft
0.411 Acres
2021 Built

About This Property

Located in the heart of Austin, experience downtown living with beautiful skylines and views. Located right next to Rainey St, with award-winning restaurants within walking distance, the Natiivo complex has a beautiful rooftop pool, fitness center, yoga studio, Peloton studio, dog parks, and much more! Moving in is a breeze as this unit comes with almost every possible amenity, including all major furniture, all major appliances (high-end), kitchen supplies, bedding and linen. This is a very rare opportunity to own a property in downtown Austin that can legally be used for STR purposes, and is ready to be listed on your favorite STR listing website, for that full turnkey experience.

Natiivo is permitted as a hotel, and is considered a non-warrantable property. Please make sure your clients clarify with their lending partners prior to submitting an offer.
Financing offers - please provide pre-approval.
Cash offers - please provide proof of funds.
Owners have been operating this unit as a successful STR, and will consider a transfer of STR credentials and accounts for a turnkey experience.

Features

  • High Ceilings
  • High Speed Internet
  • Primary Bedroom on Main
  • Smart Thermostat

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 8797941

HOA & Community

HOA Fee $483 /Monthly
HOA Includes Cable TV, Common Area Maintenance, Internet, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Security, Trash

Listing History

MLS# 8797941 118 days
Oct 11, 2022 Off Market
Sep 1, 2022 Price Change $725,000
Jun 15, 2022 Listed $775,000

Frequently Asked Questions About 48 East Ave # 2903, Austin TX 78701

When was 48 East Ave # 2903, Austin TX 78701 built?

48 East Ave # 2903, Austin TX 78701 was built in 2021.

How much does 48 East Ave # 2903, Austin TX 78701 cost?

48 East Ave # 2903, Austin TX 78701 is currently off market.

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