800 W 5th ST # 508, Austin TX 78703

The market data from 7 similar recent sales in TIN CITY LOFTS points to a value of approximately $1,365,952. To sell within a reasonable timeframe at fair market value, the $1,339,000 to $1,393,000 range is where I'd position this. With 7 comparable homes on the market in TIN CITY LOFTS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (216 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.01 acres, the lot is smaller than the 0.20 acre comp average, which factors into pricing. The active market in TIN CITY LOFTS includes 7 comparable homes priced from $995,000 to $2,225,000. In 78703, home values have fallen approximately 4.2% over the past 6 months. One of the strongest data points is 1801 Waterston Ave, Austin TX 78703, adjusting to $1,372,771; with a smaller floor plan. 7 comparable transactions in TIN CITY LOFTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group