501 West Ave # 702, Austin TX 78701

Austin, TX 78701 | Fifth & West

Ed's Opinion of Value

$259,743 Ed's Estimate: $524,132 $881,500
Lowest Comp Recommended List: $661,000 to $689,000 Highest Comp
Based on 7 closed sales in FIFTH & WEST, the data points to a value around $524,132 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $661,000 to $689,000. This would position the home competitively among 5 active listings in FIFTH & WEST. Being built in 2018 (40 years newer than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.12 for the typical comp. There are currently 5 similar homes on the market in FIFTH & WEST, ranging from $585,000 to $704,000. Market data shows 78701 prices fallen 18.7% over the last half year. The closest comparable sale, 222 West Ave # 2710, Austin TX 78701 at an adjusted $518,130, is with a pool. 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
1 Beds
1 Baths 1 Full
846 Sq Ft
0.0012 Acres
2018 Built
1 Garage

About This Property

Unit 702 at Fifth & West is a luxurious one-bedroom, one-bathroom residence in one of downtown Austin's most desirable condo developments. Inside, the residence boasts an open-concept design with stainless-steel Miele appliances, a waterfall center island, and warm rich cabinetry. The spacious living area is perfect for both entertaining and relaxation, while the serene bedroom provides a tranquil retreat. This elegant residence features a west-facing covered terrace, offering views of Austin’s bustling nightlife and vibrant cityscape below. Fifth & West Residences redefine downtown living with their striking design, effortless ownership, and unbeatable location. Situated in the heart of the Market District, you’ll have the best of Austin within walking distance. Explore the Austin Central Library, indulge in a variety of outdoor dining and nightlife options, browse the shelves at Bookpeople, shop at Whole Foods, or take a leisurely stroll along the hike and bike trail at Lady Bird Lake. Don’t miss this opportunity to own a remarkable property that combines luxurious living, stunning views, and a prime downtown location. Experience the pinnacle of urban living at Fifth & West Residences. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Features

  • Breakfast Bar
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Casis
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 # 5829647
Garage 1 spaces

HOA & Community

HOA Fee $770 /Monthly
HOA Includes Common Area Maintenance, Electricity, Gas, Insurance, Water, See Remarks

Tax Information

Annual Taxes (MLS) $13,109 (2024)

Listing History

MLS# 5829647 131 days
Nov 22, 2024 Off Market
Sep 11, 2024 Price Change $599,000
Jun 21, 2024 Listed $675,000

Frequently Asked Questions About 501 West Ave # 702, Austin TX 78701

When was 501 West Ave # 702, Austin TX 78701 built?

501 West Ave # 702, Austin TX 78701 was built in 2018.

How much does 501 West Ave # 702, Austin TX 78701 cost?

501 West Ave # 702, Austin TX 78701 sold on November 22, 2024. Contact us for sale price details.

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