500 E Riverside DR # 261, Austin TX 78704

Off Market

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Ed's Opinion of Value

$487,425 Ed's Estimate: $725,645 $1,225,351

Lowest Comp Recommended List: $507,000 to $517,000 Highest Comp

Based on 7 closed sales in RIVERWALK CONDO, the data points to a value around $725,645 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $507,000 to $517,000. Relative to what's currently available in RIVERWALK CONDO, this home would be the 3rd least expensive of 7 comparable homes on the market. Being built in 1971 (6 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in RIVERWALK CONDO, ranging from $515,000 to $1,050,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 500 E Riverside DR # 224, Austin TX 78704 at an adjusted $525,000, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus

78704 Market Trends

$864,500 Median Sold Price ▼ 3.8% 6mo

$499/sqft Median $/SqFt ▼ 4.4% 6mo

86 days Avg Days on Market 19 days slower

360 homes Active Inventory 8.7 mo supply

96.1% Sale-to-List Ratio

247 Sales (6 months)

Recently Sold Comparables

$525,000 adjusted 500 E Riverside DR # 224, Austin TX 78704 3bd / 3.0ba • 1,463 sqft • 0 mi Sold 7 months ago

$487,425 adjusted 500 E Riverside DR # 264, Austin TX 78704 3bd / 3.0ba • 1,501 sqft • 0 mi Sold 7 months ago

$1,225,351 adjusted 2102 Alta Vista Ave, Austin TX 78704 3bd / 3.0ba • 1,476 sqft • 1 mi Sold 12 months ago

$583,153 adjusted 1114 Mariposa DR # B, Austin TX 78704 3bd / 4.0ba • 1,501 sqft • 1 mi Sold 6 days ago

$707,302 adjusted 1106 Mission RDG # A, Austin TX 78704 3bd / 2.0ba • 1,329 sqft • 0.7 mi Sold 1 months ago

Currently on Market

$719,000 1723 Fawn DR, Austin TX 78741 3bd / 3.0ba • 1,448 sqft • 1.3 mi 1 days on market

$515,000 2206 Schriber ST # B, Austin TX 78704 3bd / 3.0ba • 1,510 sqft • 1.3 mi 43 days on market

$1,050,000 2612 Little John LN, Austin TX 78704 3bd / 2.0ba • 1,326 sqft • 1.5 mi 44 days on market

3 Beds

3 Baths 2 Full, 1 Half

1,463 Sq Ft

0.068 Acres

1971 Built

About This Property

Spacious, poolside 3 bedroom, 2.5 bath condo with waterfront and city skyline views on the south shore of Lady Bird Lake. This 1463 sq. ft. unit also includes private assigned parking, gated entrances, walk-in closets, washer/dryer connections and 3 patios. Additional amenities include private, landscaped grounds, community dock with canoe, kayak and SUP storage areas. Access to Lady Bird Lake’s 10-mile hike and bike trail is just outside the property gates. Riverwalk Condos are just a short walk to SoCo, Downtown and Auditorium Shores. No Short Term Rentals. Rare opportunity to buy into this location in the complex!

Features

Breakfast Bar
Corain Counters
Electric Dryer Hookup
High Speed Internet
Walk-In Closet(s)
Washer Hookup

Location

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Schools

School District Austin ISD

Elementary Travis Hts

Middle School Lively

High School Travis

Property Details

Property Type Residential

Flooring Carpet, Tile

Cooling Ceiling Fan(s), Central Air, Electric

Heating Central, Electric

Exterior Balcony, Boat Dock - Shared, Restricted Access

County Travis

MLS # 3533443

HOA & Community

HOA Fee $445 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Sewer

Tax Information

Annual Taxes $9,955 (2022)

Listing History

MLS# 3533443 14 days

Apr 26, 2023	Off Market
Mar 17, 2023	Listed		$600,000

Frequently Asked Questions About 500 E Riverside DR # 261, Austin TX 78704

When was 500 E Riverside DR # 261, Austin TX 78704 built?

500 E Riverside DR # 261, Austin TX 78704 was built in 1971.

How much does 500 E Riverside DR # 261, Austin TX 78704 cost?

500 E Riverside DR # 261, Austin TX 78704 sold on April 26, 2023. Contact us for sale price details.

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