501 West Ave # 1902, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $507,083. For a well positioned listing in FIFTH&WEST RESIDENCES, I'd target the $390,000 to $400,000 range. In the current FIFTH&WEST RESIDENCES market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 2018 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in FIFTH&WEST RESIDENCES, listed between $369,999 and $704,000. Recent trends in 78701 show home values have fallen 12.3% since 6 months ago. The most comparable recent sale is 501 West Ave # 1202, Austin TX 78701, with an adjusted value of $599,625; a strong comparable. 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