2503 E 11th ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $592,110. For a well positioned listing in GRANDVIEW PLACE, I'd target the $431,000 to $441,000 range. Against 7 similar active listings in GRANDVIEW PLACE, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (303 sqft vs the comp average) plays a role in how the market prices it. The 1993 construction puts this home 14 years newer than the comp average, a factor in the pricing. 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 9.7% since 6 months ago. The most comparable recent sale is 1904 E 8TH ST, Austin TX 78702, with an adjusted value of $312,402; 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