501 West Ave # 3501, Austin TX 78701

The estimated value of this property is $2,047,291, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $2,294,000 and $2,372,000. With 7 comparable homes on the market in 5TH & WEST CONDOMINIUMS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Built in 2019, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. With 7 similar homes currently listed in 5TH & WEST CONDOMINIUMS (a buyer's market), competition is a factor to consider. Recent trends in 78701 show home values have fallen 15.9% since 6 months ago. The most comparable recent sale is 222 West Ave # 2401, Austin TX 78701, with an adjusted value of $2,294,255; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group