My analysis of 3 comparable properties puts this home's estimated value at $818,919. Based on how the local market is moving, a list price between $707,000 and $717,000 would position this home well. This home's position in the current GRANDVIEW PLACE market: the 4th most expensive of 7 comparable homes on the market among comparable properties. The 149 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 7 similar properties are competing for buyers in GRANDVIEW PLACE, listed between $650,000 and $914,000. The 6 month price trend in GRANDVIEW PLACE: fallen 2.4%. The best comp here is 2305 E 8th ST, Austin TX 78702 at an adjusted value of $1,022,883, with a larger floor plan. With 3 comparable sales in GRANDVIEW PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
