3108 E 51st ST # 1504, Austin TX 78723

Reviewing the most recent comparable transactions, this home's market value falls around $438,609. For a well positioned listing in GROVE CONDOMINIUMS, I'd target the $491,000 to $495,000 range. In the current GROVE CONDOMINIUMS market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in GROVE CONDOMINIUMS; a buyer's market based on recent absorption. Recent trends in 78723 show home values have fallen 0.9% since 6 months ago. The most comparable recent sale is 5509 Rayburn LN, Austin TX 78723, with an adjusted value of $388,808; a strong comparable. 7 comparable transactions in GROVE CONDOMINIUMS 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