501 West Ave # 1507, Austin TX 78701

Austin, TX 78701 | Fifth & West

Ed's Opinion of Value

$1,599,000 Ed's Estimate: $2,068,636 $2,950,000
Lowest Comp Recommended List: $1,588,000 to $1,598,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $2,068,636. For a well positioned listing in FIFTH & WEST, I'd target the $1,588,000 to $1,598,000 range. Against 7 similar active listings in FIFTH & WEST, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.07 acre comp average, which factors into pricing. 7 similar homes are currently available in FIFTH & WEST, creating a buyer's market for this price range. Recent trends in 78701 show home values have fallen 23% since 6 months ago. The most comparable recent sale is 301 West Ave # 3605, Austin TX 78701, with an adjusted value of $2,148,357; a strong comparable. 7 comparable transactions in FIFTH & WEST support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
2 Beds
3 Baths 2 Full, 1 Half
1,759 Sq Ft
2018 Built
2 Garage

About This Property

Enjoy a stunning unobstructed view of the Capitol, the Hill Country, and downtown when you walk through the front door of this 15th-floor condo, the tallest of its floorplan. The beautiful, open kitchen is a chef's dream with Miele appliances and a large center island, perfect for entertaining. From the kitchen, you can enjoy the large living space with floor-to-ceiling windows that feature a Savant home automation system accessible throughout the home that controls automatic shades, lights, and thermostats. Hardwood floors lead you to the two private bedrooms, each with its own gorgeous, marble-finished bathrooms and attached walk-in closets. The home also includes a separate study/office area are the front of the condo, perfect for those working from home. The residences were thoughtfully produced for everyday living, rather than just a weekend retreat. The triangular shape of the building was intentionally designed to take the beautiful views of the capital into consideration. The everyday, private amenities in the Fifth & West tower set it apart from the other high rises downtown. On the 6th floor, enjoy the airconditioned pet owners lounge conveniently attached to the pet park/washing station and a commercial kitchen available to residents. There are two guest rooms located on the 5th floor that can be rented out by residents for their guests. The large lounge area, gym, and yoga room are conveniently located on the same floor. Located in the Market District steps from Whole Foods, Austin Public Library, Ladybird Lake, Seaholm District, and favorite restaurants and nightlife.

Features

  • Breakfast Bar
  • High Ceilings
  • Double Vanity
  • Electric Dryer Hookup
  • Kitchen Island
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Home
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Marble, Tile, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 6732690
Garage 2 spaces

HOA & Community

HOA Fee $1,197 /Monthly
HOA Includes Common Area Maintenance, Gas, Hot Water, Insurance, Sewer, Trash

Tax Information

Annual Taxes (MLS) $27,350 (2021)

Listing History

MLS# 6732690 55 days
Mar 15, 2022 Off Market
Oct 8, 2021 Price Change $1,595,000
Aug 6, 2021 Listed $1,699,000

Frequently Asked Questions About 501 West Ave # 1507, Austin TX 78701

When was 501 West Ave # 1507, Austin TX 78701 built?

501 West Ave # 1507, Austin TX 78701 was built in 2018.

How much does 501 West Ave # 1507, Austin TX 78701 cost?

501 West Ave # 1507, Austin TX 78701 sold on March 15, 2022. Contact us for sale price details.

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