501 West Ave # 2201, Austin TX 78701

Austin, TX 78701 | Fifth And West

Ed's Opinion of Value

$1,737,169 Ed's Estimate: $2,373,665 $3,264,938
Lowest Comp Recommended List: $2,104,000 to $2,114,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $2,373,665. For a well positioned listing in FIFTH AND WEST, I'd target the $2,104,000 to $2,114,000 range. Against 7 similar active listings in FIFTH AND WEST, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 2018 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. The active market in FIFTH AND WEST includes 7 comparable homes priced from $1,900,000 to $3,068,500. Recent trends in 78701 show home values have fallen 12.3% since 6 months ago. The most comparable recent sale is 222 West Ave # 2401, Austin TX 78701, with an adjusted value of $2,287,495; 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
3 Beds
3 Baths 3 Full
2,517 Sq Ft
2018 Built
2 Garage

About This Property

Revel in dramatic floor-to-ceiling views of downtown Austin's skyline and Lady Bird Lake. This 22nd floor residence is one of the most coveted floor plans offered at Fifth and West but rarely comes available. With almost 2,600 sq. ft. and 3-bed/3-baths plus a study it is the perfect layout for entertaining. Capitalizing on the building’s Downtown-Market District location, this home boasts two terraces, walls of insulated UV filtering glass, and sweeping views of Downtown Austin’s iconic city skyline. At the center of the home is a sleek designer kitchen distinguished by a 10-ft quartz island with a waterfall edge and breakfast bar. Custom flat-panel cabinets, luxurious Miele appliances, a low-profile vent hood, and an integrated wine refrigerator make this kitchen a dream for home chefs. A gracious study welcomes you to the expansive owner’s wing. Enjoy a tranquil spa bath, while savoring panoramic sunsets in this natural light filled oasis. Dual vanities, frameless glass walk-in shower and two custom closets complete your primary bedroom. Designer details such as a custom fireplace, California closets, Hansgrohe accessories, Kohler fixtures, and wide-plank, white oak hardwood floors are featured throughout. Streamline your life with technology. This home has state-of-the-art features, including a Savant home automation system, motorized window shades, USB outlets, pre-wiring for sound, a smart thermostat, and keyless entry. A laundry room large enough for a full-size side-by-side washer and dryer is no small extravagance. Conceived by an award-winning architecture and design team, Fifth and West is a low-density luxury community packed with amenities. This home comes with two premium parking spots, but you'll want to ditch the four wheels. Live within walking distance to the Austin Central Library, Whole Foods, the hike and bike trail at Lady Bird Lake, and everything Downtown Austin has to offer.

Features

  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity
  • Electric Dryer Hookup
  • In-Law Floorplan
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Home
  • Smart Thermostat
  • Walk-In Closet(s)
  • Wired for Data
  • Wired for Sound

Location

Schools

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

Property Details

Property Type Residential
Flooring Marble, Wood
Cooling Central Air
Heating Central
Exterior Balcony
County Travis
MLS # 4902578
Garage 2 spaces

HOA & Community

HOA Fee $1,502 /Monthly
HOA Includes Common Area Maintenance, Gas, Maintenance Grounds, Maintenance Structure, Water

Tax Information

Annual Taxes (MLS) $36,405 (2020)

Listing History

MLS# 4902578 70 days
Mar 16, 2021 Off Market
Dec 3, 2020 Listed $2,198,500

Frequently Asked Questions About 501 West Ave # 2201, Austin TX 78701

When was 501 West Ave # 2201, Austin TX 78701 built?

501 West Ave # 2201, Austin TX 78701 was built in 2018.

How much does 501 West Ave # 2201, Austin TX 78701 cost?

501 West Ave # 2201, Austin TX 78701 sold on March 16, 2021. Contact us for sale price details.

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