555 E 5th ST # 3112, Austin TX 78701

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,537,295. Pricing this home between $4,271,000 and $5,172,000 would put it in the competitive sweet spot for FIVE FIFTY CONDO. This pricing would rank the home as the most affordable of 2 comparable homes on the market in FIVE FIFTY CONDO's current inventory. This home's larger footprint (5,040 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.02 acres versus the area average of 0.05) contributes to the valuation. There are currently 2 similar homes on the market in FIVE FIFTY CONDO, ranging from $6,495,000 to $6,500,000. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 555 E 5th ST # 2906, Austin TX 78701 at an adjusted $1,911,250, is with a smaller floor plan. The comp data here (7 sales in FIVE FIFTY CONDO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus