1101 GROVE BLVD # 703, Austin TX 78741

The market data from 7 similar recent sales in 78741 points to a value of approximately $255,556. To sell within a reasonable timeframe at fair market value, the $274,000 to $373,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in 78741. The 2013 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. Buyers in 78741 have 4 comparable options right now, with asking prices between $245,000 and $369,900. In 78741, home values have risen approximately 2.9% over the past 6 months. One of the strongest data points is 1201 Grove BLVD # 1501, Austin TX 78741, adjusting to $241,311; a strong comparable. 7 comparable transactions in 78741 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