1602 Elmira RD, Austin TX 78721

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $440,210. To generate strong buyer interest while maximizing value, I'd price this between $375,000 and $385,000. With 3 comparable homes on the market in GRANT PARK, this price positions the property as the most expensive of 3 comparable homes on the market. The 1957 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in GRANT PARK; a buyer's market based on recent absorption. The trend in 78721 shows prices have fallen 5% in the past 6 months. 4505 Kitty Ave, Austin TX 78721 nearby adjusts to $433,240; with a smaller floor plan. 6 comparable transactions in GRANT PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group