555 E 5th ST # 2722, Austin TX 78701

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,437,729. To generate strong buyer interest while maximizing value, I'd price this between $610,000 and $620,000. Against 5 similar active listings in FIVE FIFTY CONDO, this price point lands at the 2nd most expensive of 5 comparable homes on the market. The smaller floor plan (168 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2004 construction puts this home 5 years older than the comp average, a factor in the pricing. There are currently 5 similar homes on the market in FIVE FIFTY CONDO, ranging from $539,000 to $1,899,000. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 210 Lavaca ST # 2312, Austin TX 78701 nearby adjusts to $1,693,952; a strong comparable. The 4 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