1121 Prospect Ave # 2, Austin TX 78702

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $517,497. I'd recommend coming to market at $555,000 to $562,000 to strike the right balance between value and market velocity. In the current GRANDVIEW PL market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 0.15 acre lot (larger than the 0.11 acre average) is reflected in the estimate. Buyers in GRANDVIEW PL have 4 comparable options right now, with asking prices between $499,000 and $579,000. The trend in 78702 shows prices have fallen 3.5% in the past 6 months. 1700 Pennsylvania Ave, Austin TX 78702 nearby adjusts to $534,161; a strong comparable. Based on 3 relevant data points in GRANDVIEW PL, 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