1205 Elm ST # 2, Austin TX 78703

The estimated value of this property is $595,792, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $399,000 and $409,000. In the current GRIFFIN CONDO market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 2015, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.05 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. With 7 similar homes currently listed in GRIFFIN CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78703 show home values have fallen 12.1% since 6 months ago. The most comparable recent sale is 44 East Ave # 2508, Austin TX 78701, with an adjusted value of $653,880; with a smaller floor plan. Based on 4 relevant data points in GRIFFIN CONDO, 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