501 West Ave # 2402, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $500,570. For a well positioned listing in FIFTH&WEST, I'd target the $385,000 to $395,000 range. In the current FIFTH&WEST market with 7 similar homes available, this price represents the 3rd least 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. There are currently 7 similar homes on the market in FIFTH&WEST, ranging from $364,999 to $704,000. Recent trends in 78701 show home values have fallen 17.5% 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. 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