555 E 5th ST # 3127, Austin TX 78701

The estimated value of this property is $4,328,505, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $2,891,000 and $2,901,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in FIVE FIFTY CONDO. This home's larger footprint (601 sqft vs the comp average) plays a role in how the market prices it. Built in 2004, this home is 5 years older than the average comp, which is reflected in the adjustments. Buyers in FIVE FIFTY CONDO have 3 comparable options right now, with asking prices between $2,600,000 and $5,850,000. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 555 E 5th ST # 2912, Austin TX 78701, with an adjusted value of $2,219,325; 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