1205 Elm ST # 8, Austin TX 78703

The market data from 3 similar recent sales in GRIFFIN CONDO points to a value of approximately $1,150,547. To sell within a reasonable timeframe at fair market value, the $939,000 to $949,000 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 GRIFFIN CONDO. 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 3 comparable homes priced from $899,000 to $1,299,000. In 78703, home values have fallen approximately 12.1% over the past 6 months. One of the strongest data points is 501 West Ave # 904, Austin TX 78701, adjusting to $1,056,227; a strong comparable. 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