1911 E 9th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $589,678. For a well positioned listing in GRANDVIEW PLACE, I'd target the $491,000 to $501,000 range. Against 6 similar active listings in GRANDVIEW PLACE, this price point lands at the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (461 sqft vs the comp average) plays a role in how the market prices it. The 1947 construction puts this home 45 years older than the comp average, a factor in the pricing. With 6 similar homes currently listed in GRANDVIEW PLACE (a balanced market), competition is a factor to consider. Recent trends in GRANDVIEW PLACE show home values have fallen 2.4% since 6 months ago. The most comparable recent sale is 2405 E 10th ST, Austin TX 78702, with an adjusted value of $415,878; a strong comparable. The 7 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