1201 Grove BLVD # 2801, Austin TX 78741

Reviewing the most recent comparable transactions, this home's market value falls around $275,533. For a well positioned listing in BOULEVARD A CONDO, I'd target the $317,000 to $330,000 range. In the current BOULEVARD A CONDO market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. At 150 sqft smaller than the typical comp, the size difference factors into the valuation. The 2005 construction puts this home 6 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in BOULEVARD A CONDO, creating a buyer's market for this price range. Recent trends in 78741 show home values have fallen 1.1% since 6 months ago. The most comparable recent sale is 6900 E Riverside DR # 6, Austin TX 78741, with an adjusted value of $204,249; with a larger floor plan. The 3 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