501 West Ave # 1103, Austin TX 78701

After reviewing 3 recent transactions in FIFTH & WEST RESIDENCES, I estimate this property's value at $572,026. A competitive list price for this home right now would fall in the $417,000 to $427,000 range. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in FIFTH & WEST RESIDENCES's current inventory. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. Current inventory shows 3 comparable homes in FIFTH & WEST RESIDENCES; a buyer's market based on recent absorption. Prices in FIFTH & WEST RESIDENCES have risen 22.3% over the last 6 months. A similar home at 501 West Ave # 1202, Austin TX 78701 carries an adjusted comparable value of $628,458, providing a strong data point. With 3 comparable sales in FIFTH & WEST RESIDENCES, 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