2511 E 10th ST, Austin TX 78702

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $611,373. I'd recommend coming to market at $468,000 to $478,000 to strike the right balance between value and market velocity. 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. This home's smaller footprint (198 sqft vs the comp average) plays a role in how the market prices it. Built in 1960, this home is 19 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in GRANDVIEW PLACE (a balanced market), competition is a factor to consider. The trend in GRANDVIEW PLACE shows prices have fallen 9.7% in the past 6 months. 2503 Bryan ST, Austin TX 78702 nearby adjusts to $676,959; with a smaller floor plan. 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