1101 grove # 506, Austin TX 78741

My analysis of 7 comparable properties puts this home's estimated value at $241,913. Based on how the local market is moving, a list price between $276,000 and $299,000 would position this home well. Relative to what's currently available in 78741, this home would be the 2nd least expensive of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.08) contributes to the valuation. Current inventory shows 7 comparable homes in 78741; a buyer's market based on recent absorption. The 6 month price trend in 78741: fallen 8.2%. The best comp here is 1201 Grove BLVD # 2802, Austin TX 78741 at an adjusted value of $223,496, a strong comparable. The comp data here (7 sales in 78741) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus