2204 E 8th ST, Austin TX 78702

Based on 7 closed sales in GRANDVIEW PLACE, the data points to a value around $524,340 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $336,000 to $346,000. This home's position in the current GRANDVIEW PLACE market: the most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (442 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1920 (44 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in GRANDVIEW PLACE, ranging from $299,000 to $420,000. Market data shows GRANDVIEW PLACE prices fallen 9.7% over the last half year. The closest comparable sale, 2000 E 8th ST, Austin TX 78702 at an adjusted $544,481, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in GRANDVIEW PLACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group