3108 E 51st ST # 902, Austin TX 78723

Based on 7 closed sales in GROVE, the data points to a value around $717,267 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $405,000 to $415,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in GROVE's current inventory. At 1,029 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.00 acres versus 0.07 for the typical comp. With 7 similar homes currently listed in GROVE (a balanced market), competition is a factor to consider. 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 $607,880, is with a smaller 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