501 West Ave # 1401, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $1,544,275. For a well positioned listing in FIFTH AND WEST RESIDENCES, I'd target the $1,358,000 to $1,368,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in FIFTH AND WEST RESIDENCES. This home's larger footprint (124 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. The active market in FIFTH AND WEST RESIDENCES includes 7 comparable homes priced from $1,300,000 to $1,899,000. Recent trends in 78701 show home values have fallen 11% since 6 months ago. The most comparable recent sale is 301 West Ave # 4703, Austin TX 78701, with an adjusted value of $1,917,440; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group