501 West Ave # 2501, Austin TX 78701

Austin, TX 78701 | Downtown Market District

Off Market

Exterior view of 501 West Ave # 2501, Austin TX 78701

Additional photos available to registered users

Ed's Opinion of Value

$1,738,033 Ed's Estimate: $2,373,699 $3,264,500

Lowest Comp Recommended List: $2,105,000 to $2,115,000 Highest Comp

My analysis of 7 comparable properties puts this home's estimated value at $2,373,699. Based on how the local market is moving, a list price between $2,105,000 and $2,115,000 would position this home well. Relative to what's currently available in DOWNTOWN MARKET DISTRICT, this home would be the 3rd most expensive of 7 comparable homes on the market. At 5 years newer than typical comps, the 2018 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.06) contributes to the valuation. Right now, 7 similar properties are competing for buyers in DOWNTOWN MARKET DISTRICT, listed between $1,900,000 and $3,068,500. The 6 month price trend in 78701: fallen 11.6%. The best comp here is 901 Theresa Ave, Austin TX 78703 at an adjusted value of $1,738,033, with a smaller floor plan. The comp data here (7 sales in DOWNTOWN MARKET DISTRICT) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus

78701 Market Trends

$618,500 Median Sold Price ▼ 11.6% 6mo

$692/sqft Median $/SqFt ▲ 3.8% 6mo

115 days Avg Days on Market 7 days slower

233 homes Active Inventory 12.5 mo supply

94.6% Sale-to-List Ratio

112 Sales (6 months)

Recently Sold Comparables

$1,738,033 adjusted 901 Theresa Ave, Austin TX 78703 3bd / 3.0ba • 2,270 sqft • 1.2 mi Sold 3 months ago

$2,288,510 adjusted 222 West Ave # 2401, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 0.2 mi Sold 8 months ago

$1,962,310 adjusted 222 West Ave # 2001, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 0.2 mi Sold 9 months ago

$3,264,500 adjusted 200 Congress Ave # 48Y, Austin TX 78701 3bd / 4.0ba • 2,642 sqft • 0.5 mi Sold 4 months ago

$2,899,092 adjusted 200 Congress Ave, Austin TX 78701 3bd / 3.0ba • 2,689 sqft • 0.5 mi Sold 5 months ago

Currently on Market

$2,100,000 222 West Ave # 1901, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 0.2 mi 91 days on market

$2,150,000 1406 W 9th ST # 802, Austin TX 78703 3bd / 3.0ba • 2,302 sqft • 0.7 mi 9 days on market

$2,495,000 70 Rainey ST # 2301, Austin TX 78701 3bd / 3.0ba • 2,851 sqft • 1 mi 409 days on market

3 Beds

3 Baths 3 Full

2,517 Sq Ft

2018 Built

2 Garage

About This Property

You will be astounded by the breathtaking, panoramic floor to ceiling view of downtown Austin from the moment you walk through the front door of this 2517 square foot, 3 bedroom plus an office, 3 bathroom condo on the 25th floor of the Residences at 5th and West! The kitchen is a chef’s dream with a large central island and high-end Miele appliances. Wide plank hardwood floors extend from the main living area to the bedrooms and office for a cohesive, modern design. Bathrooms are luxuriously appointed with marble finishes. Large walk-in closets can be found in each bedroom as well as the office area providing ample storage. Each window is equipped with motorized shades that filter the light in the main living areas and are room darkening in the bedrooms. The condo comes with 2 full sized parking spots located on the 4th floor. Amenities include a 24-hour concierge, pool, fitness center with yoga room, 2 guest suites, a coffee station, commercial catering kitchen, and a dog park with a dog washing station. The location in the heart of downtown means you are only steps away from many businesses, Whole Foods Market, Lady Bird Lake, Shoal Creek Trail, as well as numerous shopping and restaurant options.

Features

Quartz Counters
Stone Counters
Double Vanity
Electric Dryer Hookup
Elevator
High Speed Internet
Kitchen Island
No Interior Steps
Open Floorplan
Pantry
Primary Bedroom on Main
Recessed Lighting
Smart Home
Smart Thermostat
Soaking Tub
Walk-In Closet(s)
Washer Hookup
Wired for Data
Wired for Sound

Location

Map loading...

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, Dog Run, Gas Grill

County Travis

MLS # 9878594

Garage 2 spaces

HOA & Community

HOA Fee $1,502 /Monthly

HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Trash

Tax Information

Annual Taxes (MLS) $42,078 (2021)

Listing History

MLS# 9878594 56 days

Oct 8, 2021	Off Market
Sep 2, 2021	Price Change	$2,750,000
Jul 16, 2021	Listed	$2,595,000

Frequently Asked Questions About 501 West Ave # 2501, Austin TX 78701

When was 501 West Ave # 2501, Austin TX 78701 built?

501 West Ave # 2501, Austin TX 78701 was built in 2018.

How much does 501 West Ave # 2501, Austin TX 78701 cost?

501 West Ave # 2501, Austin TX 78701 sold on October 8, 2021. Contact us for sale price details.

Similar Properties

$1,949,000 210 Lavaca ST # 2903, Austin TX 78701 3 bd | 3 ba

$1,950,000 2803 Bridle PATH, Austin TX 78703 3 bd | 3 ba

$1,950,000 2003 Rabb RD, Austin TX 78704 3 bd | 3 ba

$1,950,000 44 East Ave # 3707, Austin TX 78701 3 bd | 3 ba

Browse More Properties

3-Bedroom Homes in Austin Homes over $1M in Austin All Homes for Sale in Austin Homes in 78701 Homes in Travis County Homes in Austin ISD All 3-Bedroom Homes Homes for Rent Land for Sale

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

Your Name *

Email Address *

Phone Number *

Message *

Are you currently working with an agent? *

I'd like to schedule a tour

I am pre-qualified for financing

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.