555 E 5th ST # 3122, Austin TX 78701

Based on 7 closed sales in FIVE FIFTY CONDO, the data points to a value around $2,971,688 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,630,000 to $2,640,000. Relative to what's currently available in FIVE FIFTY CONDO, this home would be the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (948 sqft vs the comp average) plays a role in how the market prices it. Being built in 2004 (5 years older than comps) is factored into the value estimate. Right now, 3 similar properties are competing for buyers in FIVE FIFTY CONDO, listed between $2,600,000 and $5,850,000. Market data shows 78701 prices fallen 24.1% over the last half year. The closest comparable sale, 555 E 5th ST # 2912, Austin TX 78701 at an adjusted $2,057,400, 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