200 E 32nd, Austin TX 78705

The market data from 7 similar recent sales in GROOMS points to a value of approximately $1,129,560. To sell within a reasonable timeframe at fair market value, the $1,692,000 to $1,851,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in GROOMS. The larger floor plan (506 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1900 construction puts this home 48 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in GROOMS; a buyer's market based on recent absorption. In 78705, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 3406 Duval ST, Austin TX 78705, adjusting to $1,221,588; 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