1201 Grove BLVD # 204, Austin TX 78741

The market data from 3 similar recent sales in 78741 points to a value of approximately $261,120. To sell within a reasonable timeframe at fair market value, the $305,000 to $316,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in 78741. The smaller floor plan (169 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2005 construction puts this home 6 years older than the comp average, a factor in the pricing. Buyers in 78741 have 3 comparable options right now, with asking prices between $245,000 and $325,000. In 78741, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 6900 E Riverside DR # 6, Austin TX 78741, adjusting to $194,054; 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