2006 E 8th ST, Austin TX 78702

The estimated value of this property is $441,862, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $349,000 and $359,000. With 7 comparable homes on the market in GRANDVIEW PLACE, this price positions the property as the most expensive of 7 comparable homes on the market. Built in 1925, this home is 53 years older than the average comp, which is reflected in the adjustments. The 0.13 acre lot (larger than the 0.06 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in GRANDVIEW PLACE; a balanced market based on recent absorption. Recent trends in GRANDVIEW PLACE show home values have fallen 2.4% since 6 months ago. The most comparable recent sale is 2000 E 8th ST, Austin TX 78702, with an adjusted value of $537,477; a strong comparable. With 7 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