555 E 5th ST # 3001, Austin TX 78701

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $2,539,708. I'd recommend coming to market at $1,980,000 to $1,990,000 to strike the right balance between value and market velocity. Among the similar homes currently available in FIVE FIFTY CONDO, this price point stands out as competitive. At 179 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2004, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in FIVE FIFTY CONDO; a buyer's market based on recent absorption. The trend in 78701 shows prices have fallen 24.1% in the past 6 months. 360 Nueces ST # 4305, Austin TX 78701 nearby adjusts to $1,662,966; with a smaller floor plan. With 7 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