3108 E 51st ST # 404, Austin TX 78723

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $880,704. Pricing this home between $387,000 and $397,000 would put it in the competitive sweet spot for GROVE. This pricing would rank the home as the most expensive of 7 comparable homes on the market in GROVE's current inventory. At 1,097 sqft smaller than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2016 build date influences the valuation. 7 similar homes are currently available in GROVE, creating a balanced market for this price range. Market data shows GROVE prices fallen 13.3% over the last half year. The closest comparable sale, 4415 Jackson Ave # 4301, Austin TX 78731 at an adjusted $589,460, is a strong comparable. The comp data here (7 sales in GROVE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus