1103 Lambie ST # A, Austin TX 78702

After reviewing 7 recent transactions in ELM GROVE, I estimate this property's value at $869,915. A competitive list price for this home right now would fall in the $730,000 to $740,000 range. Relative to what's currently available in ELM GROVE, this home would be the 3rd least expensive of 7 comparable homes on the market. The larger lot (0.17 acres versus the area average of 0.11) contributes to the valuation. With 7 similar homes currently listed in ELM GROVE (a buyer's market), competition is a factor to consider. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 1411 E 2nd ST # B2, Austin TX 78702 carries an adjusted comparable value of $637,612, providing a strong data point. With 7 comparable sales in ELM GROVE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group