800 W 5th ST # 202, Austin TX 78703

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,400,962. To generate strong buyer interest while maximizing value, I'd price this between $967,000 and $977,000. With 4 comparable homes on the market in TIN CITY LOFTS, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The 2003 construction puts this home 9 years older than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.08 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in TIN CITY LOFTS; a buyer's market based on recent absorption. The trend in TIN CITY LOFTS shows prices have risen 0% in the past 6 months. 800 W 5th ST # 902, Austin TX 78703 nearby adjusts to $812,000; with a smaller floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group