3108 E 51st ST # 1001, Austin TX 78723

Based on 7 closed sales in GROVE, the data points to a value around $752,612 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $384,000 to $394,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in GROVE's current inventory. This home's smaller footprint (633 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.00 acres versus 0.07 for the typical comp. Current inventory shows 7 comparable homes in GROVE; a balanced market based on recent absorption. Market data shows GROVE prices fallen 14.8% over the last half year. The closest comparable sale, 4105 McKinley Fields DR # 88, Austin TX 78731 at an adjusted $669,816, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus