1101 Grove BLVD # 202, Austin TX 78741

The market data from 7 similar recent sales in TOWNHOMES RIVERSIDE GROVE points to a value of approximately $181,807. To sell within a reasonable timeframe at fair market value, the $237,000 to $241,000 range is where I'd position this. With 7 comparable homes on the market in TOWNHOMES RIVERSIDE GROVE, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (123 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1970 construction puts this home 9 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in TOWNHOMES RIVERSIDE GROVE, ranging from $182,000 to $289,000. In 78741, home values have fallen approximately 8.9% over the past 6 months. One of the strongest data points is 6208 Carnation TER, Austin TX 78741, adjusting to $151,521; a strong comparable. The 7 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