1111 EMMITT RUN, Austin TX 78721

The estimated value of this property is $506,668, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $528,000 and $550,000. With 5 comparable homes on the market in GROVES, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. Being 484 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2005, this home is 23 years newer than the average comp, which is reflected in the adjustments. 5 similar homes are currently available in GROVES, creating a buyer's market for this price range. Recent trends in 78721 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 1007 Gullett ST, Austin TX 78702, with an adjusted value of $549,600; with a larger floor plan. Based on 4 relevant data points in GROVES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX