555 E 5th ST # 907, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $831,698. I'd recommend coming to market at $807,000 to $857,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in FIVE FIFTY CONDO, this price positions the property as the most affordable of 5 comparable homes on the market. Built in 2004, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.05 acre average) is reflected in the estimate. With 5 similar homes currently listed in FIVE FIFTY CONDO (a buyer's market), competition is a factor to consider. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 210 Lavaca ST # 2311, Austin TX 78701 nearby adjusts to $888,822; a strong comparable. With 3 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