1101 Grove BLVD # 502, Austin TX 78741

This home was listed at $299,000 and was on the market for 58 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $288,589. Here are some factors that may have played a role: At the time, there appear to have been 1 similar homes available at lower price points, which may have given buyers other options. At $272/sqft, the asking price was 62% above the area median, though there may have been upgrades or features not captured in the data. Built in 1970, this home may have faced competition from newer construction in the area priced similarly. The pool is a differentiator here, since 3 of 3 comparable sales didn't include one. The 1970 construction puts this home 15 years older than the comp average, a factor in the pricing. 3 comparable transactions in RIVERSIDE GROVE 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