1605 Grayford DR # 2, Austin TX 78704

The market data from 3 similar recent sales in SOUTHRIDGE WEST points to a value of approximately $820,455. To sell within a reasonable timeframe at fair market value, the $804,000 to $837,000 range is where I'd position this. Against 5 similar active listings in SOUTHRIDGE WEST, this price point lands at the most expensive of 5 comparable homes on the market. At 0.19 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in SOUTHRIDGE WEST; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 0.6% over the past 6 months. One of the strongest data points is 1910 Kinney Ave, Austin TX 78704, adjusting to $1,024,152; 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