3108 E 51st ST # 202, Austin TX 78723

The market data from 7 similar recent sales in GROVE points to a value of approximately $881,881. To sell within a reasonable timeframe at fair market value, the $398,000 to $408,000 range is where I'd position this. With 7 comparable homes on the market in GROVE, this price positions the property as the most expensive of 7 comparable homes on the market. The 1,298 sqft size difference versus comparable sales is reflected in the adjusted values. The 2016 construction puts this home 6 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in GROVE (a balanced market), competition is a factor to consider. In GROVE, home values have fallen approximately 14.8% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $589,491; a strong comparable. 7 comparable transactions in GROVE 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