1612 Elmira RD # 2, Austin TX 78721

The estimated value of this property is $504,746, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $490,000 and $520,000. In the current GRANT PARK market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 0.24 acre lot (larger than the 0.19 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in GRANT PARK; a buyer's market based on recent absorption. Recent trends in 78721 show home values have fallen 4.5% since 6 months ago. The most comparable recent sale is 1409 Deloney ST # 2, Austin TX 78721, with an adjusted value of $609,107; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group