1135 EMMITT RUN, Austin TX 78721

Based on 6 closed sales in GROVES, the data points to a value around $490,777 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $528,000 to $550,000. This would position the home competitively among 5 active listings in GROVES. Being 295 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2005 (37 years newer than comps) is factored into the value estimate. 5 similar homes are currently available in GROVES, creating a buyer's market for this price range. Market data shows 78721 prices fallen 5% over the last half year. The closest comparable sale, 910 Duncan LN # 28, Austin TX 78705 at an adjusted $244,544, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in GROVES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group