501 West Ave # 1503, Austin TX 78701

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $516,211. I'd recommend coming to market at $690,000 to $692,000 to strike the right balance between value and market velocity. Against 7 similar active listings in ORIGINAL CITY OF AUSTIN, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Built in 2018, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.05 acre average) is reflected in the estimate. With 7 similar homes currently listed in ORIGINAL CITY OF AUSTIN (a buyer's market), competition is a factor to consider. The trend in 78701 shows prices have fallen 12.3% in the past 6 months. 360 Nueces ST # 2807, Austin TX 78701 nearby adjusts to $472,669; a strong comparable. Based on 7 relevant data points in ORIGINAL CITY OF AUSTIN, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX