555 E 5th ST # 3101, Austin TX 78701

Based on 7 closed sales in FIVE FIFTY CONDO, the data points to a value around $4,057,757 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,894,000 to $2,904,000. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in FIVE FIFTY CONDO's current inventory. The larger floor plan (325 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.01 acres versus 0.05 for the typical comp. Buyers in FIVE FIFTY CONDO have 3 comparable options right now, with asking prices between $2,600,000 and $5,850,000. Market data shows 78701 prices fallen 23.9% over the last half year. The closest comparable sale, 555 E 5th ST # 2912, Austin TX 78701 at an adjusted $2,257,425, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in FIVE FIFTY CONDO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group