501 West Ave # 1501, Austin TX 78701

My analysis of 7 comparable properties puts this home's estimated value at $1,344,154. Based on how the local market is moving, a list price between $1,064,000 and $1,074,000 would position this home well. This would position the home competitively among 7 active listings in FIFTH & WEST RESIDENCES. The larger floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.00 acres versus the area average of 0.05) contributes to the valuation. 7 similar homes are currently available in FIFTH & WEST RESIDENCES, creating a buyer's market for this price range. The 6 month price trend in 78701: fallen 14.5%. The best comp here is 301 West Ave # 2306, Austin TX 78701 at an adjusted value of $1,412,350, a strong comparable. The comp data here (7 sales in FIFTH & WEST RESIDENCES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus