505 W 7th ST # 112, Austin TX 78701

Off Market

Downtown Mexican style Hacienda tucked in among the high rises.

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Ed's Opinion of Value

$287,772 Ed's Estimate: $330,241 $525,000

Lowest Comp Recommended List: $519,000 to $544,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $330,241. To generate strong buyer interest while maximizing value, I'd price this between $519,000 and $544,000. In the current POSADA DEL REY CONDO market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Buyers in POSADA DEL REY CONDO have 7 comparable options right now, with asking prices between $324,900 and $569,000. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 1122 Colorado ST # 1209, Austin TX 78701 nearby adjusts to $392,341; a strong comparable. The 3 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

78701 Market Trends

$569,548 Median Sold Price ▼ 24.1% 6mo

$643/sqft Median $/SqFt ▼ 3.6% 6mo

120 days Avg Days on Market 9 days slower

241 homes Active Inventory 14.8 mo supply

94.7% Sale-to-List Ratio

98 Sales (6 months)

Recently Sold Comparables

$392,341 adjusted 1122 Colorado ST # 1209, Austin TX 78701 1bd / 1.0ba • 658 sqft • 0.4 mi Sold 6 months ago

$313,378 adjusted 807 Blanco ST # 301, Austin TX 78703 1bd / 1.0ba • 627 sqft • 0.6 mi Sold 5 months ago

$287,772 adjusted 1503 W 9th ST # 106, Austin TX 78703 1bd / 1.0ba • 600 sqft • 0.9 mi Sold 6 months ago

Currently on Market

$324,900 505 W 7th ST # 113, Austin TX 78701 1bd / 1.0ba • 666 sqft • 0 mi 27 days on market

$425,000 501 West Ave # 1306, Austin TX 78701 1bd / 1.0ba • 652 sqft • 0.2 mi 233 days on market

$525,000 222 West Ave # 2809, Austin TX 78701 1bd / 1.0ba • 685 sqft • 0.3 mi

1 Beds

1 Baths 1 Full

666 Sq Ft

1964 Built

1 Garage

About This Property

Downtown Mexican style Hacienda tucked in among the high rises. A sweet lifestyle with a pool within a walled courtyard of stucco arches and red tile roof. Rare ground floor unit includes a 7th St. door and also a courtyard door with a covered veranda and a skyline view. Covered gated assigned parking, elevator to community laundry. Walk to the fun, food and music of the lively life of downtown Austin. The iconic Posada del Rey is a tranquil setting downtown - an affordable rare opportunity to be within walking distance of major employers, Whole Foods, The Capital, The Courthouse, The University of Texas and the trail around the Lake. Double pane windows is a start. Now ready for your creative redo. Upgrade with the choices that you love.

Features

Ceiling Fan(s)
Elevator
No Interior Steps
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential Lease

Flooring Laminate

Cooling Ceiling Fan(s), Central Air

Heating Central, Electric

Exterior Barbecue, Uncovered Courtyard, Exterior Steps, Garden, Outdoor Grill, Restricted Access

County Travis

MLS # 3925953

Parking

Garage 1 spaces

HOA & Community

HOA Fee $280 /Monthly

HOA Includes Common Area Maintenance, Gas, Hot Water, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Water

Tax Information

Annual Taxes $5,681 (2021)

Listing History

MLS# 3925953 40 days

May 10, 2024	Off Market
Mar 31, 2024	Listed		$1,995

MLS# 5435070 3 days

Nov 23, 2021	Off Market
Nov 10, 2021	Listed		$325,000

MLS# 6618635 5 days

Apr 24, 2015	Off Market
Apr 15, 2015	Listed		$1,500

Frequently Asked Questions About 505 W 7th ST # 112, Austin TX 78701

When was 505 W 7th ST # 112, Austin TX 78701 built?

505 W 7th ST # 112, Austin TX 78701 was built in 1964.

How much does 505 W 7th ST # 112, Austin TX 78701 cost?

505 W 7th ST # 112, Austin TX 78701 sold on May 10, 2024. Contact us for sale price details.

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