3108 E 51st ST # 503, Austin TX 78723

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $882,899. Pricing this home between $390,000 and $400,000 would put it in the competitive sweet spot for GROVE. Relative to what's currently available in GROVE, this home would be the most expensive of 7 comparable homes on the market. This home's smaller footprint (1,085 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 2016 build date influences the valuation. The active market in GROVE includes 7 comparable homes priced from $365,000 to $529,000. 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 $591,584, is a strong comparable. With 7 comparable sales in GROVE, 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