555 East 5th ST # 2911, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,079,646. I'd recommend coming to market at $779,000 to $789,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78701. Built in 2004, this home is 9 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78701, listed between $699,500 and $1,500,000. The trend in 78701 shows prices have fallen 9.5% in the past 6 months. 210 Lavaca ST # 2311, Austin TX 78701 nearby adjusts to $897,653; a strong comparable. Based on 7 relevant data points in 78701, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX