2012 E 8th ST, Austin TX 78702

The market data from 7 similar recent sales in GRANDVIEW PLACE points to a value of approximately $596,898. To sell within a reasonable timeframe at fair market value, the $711,000 to $724,000 range is where I'd position this. In the current GRANDVIEW PLACE market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (131 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1944 construction puts this home 39 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in GRANDVIEW PLACE (a balanced market), competition is a factor to consider. In GRANDVIEW PLACE, home values have fallen approximately 2.4% over the past 6 months. One of the strongest data points is 2405 E 10th ST, Austin TX 78702, adjusting to $455,309; with a smaller floor plan. 7 comparable transactions in GRANDVIEW PLACE 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