1205 Elm ST # 7, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $1,242,741. For a well positioned listing in GRIFFIN CONDO, I'd target the $576,000 to $586,000 range. Against 7 similar active listings in GRIFFIN CONDO, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 0.05 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. The active market in GRIFFIN CONDO includes 7 comparable homes priced from $550,000 to $1,700,000. Recent trends in 78703 show home values have risen 13.6% since 6 months ago. The most comparable recent sale is 210 Lavaca ST # 2211, Austin TX 78701, with an adjusted value of $892,240; a strong comparable. The 5 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