505 W 7th ST # 111, Austin TX 78701

Austin, TX 78701 | Posada Del Rey Condo

Ed's Opinion of Value

$262,849 Ed's Estimate: $345,129 $574,000
Lowest Comp Recommended List: $298,000 to $308,000 Highest Comp
The market data from 7 similar recent sales in POSADA DEL REY CONDO points to a value of approximately $345,129. To sell within a reasonable timeframe at fair market value, the $298,000 to $308,000 range is where I'd position this. Among the similar homes currently available in POSADA DEL REY CONDO, this price point stands out as competitive. The 1964 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in POSADA DEL REY CONDO; a buyer's market based on recent absorption. In 78701, home values have fallen approximately 22.2% over the past 6 months. One of the strongest data points is 505 W 7th ST # 108, Austin TX 78701, adjusting to $262,849; 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
1 Beds
1 Baths 1 Full
619 Sq Ft
0.009 Acres
1964 Built
1 Garage

About This Property

Prime downtown location! 1st floor, one bedroom condo in charming complex. Updated and ready for move-in. Recent carpet. Fantastic value. Walk to restaurants, bars and Whole Foods. Beautiful common area and pool. Laundry facilities on second floor.Restrictions: Yes Sprinkler Sys:Yes

Features

  • Primary Bedroom on Main

Location

Schools

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

Property Details

Property Type Residential
Flooring Carpet
Cooling Central Air
Heating Central
Exterior Balcony, Barbecue
County Travis
MLS # 7946725

Parking

Garage 1 spaces

HOA & Community

HOA Fee $241 /Monthly
HOA Includes Common Area Maintenance, Maintenance Structure

Listing History

MLS# 7946725 31 days
Dec 11, 2017 Off Market
Nov 11, 2017 Pending
Oct 11, 2017 Listed $289,000

Frequently Asked Questions About 505 W 7th ST # 111, Austin TX 78701

When was 505 W 7th ST # 111, Austin TX 78701 built?

505 W 7th ST # 111, Austin TX 78701 was built in 1964.

How much does 505 W 7th ST # 111, Austin TX 78701 cost?

505 W 7th ST # 111, Austin TX 78701 sold on December 11, 2017. Contact us for sale price details.

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