1807 Elmira RD, Austin TX 78721

The market data from 7 similar recent sales in GRANT PARK points to a value of approximately $443,222. To sell within a reasonable timeframe at fair market value, the $327,000 to $337,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in GRANT PARK. The 2002 construction puts this home 28 years newer than the comp average, a factor in the pricing. At 0.25 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. 7 similar homes are currently available in GRANT PARK, creating a buyer's market for this price range. In 78721, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 5009 Lott Ave, Austin TX 78721, adjusting to $297,485; a strong comparable. 7 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