3108 E 51st ST # 302, Austin TX 78723

The market data from 7 similar recent sales in GROVE points to a value of approximately $682,971. To sell within a reasonable timeframe at fair market value, the $416,000 to $426,000 range is where I'd position this. In the current GROVE market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's smaller footprint (1,094 sqft vs the comp average) plays a role in how the market prices it. The 2016 construction puts this home 5 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in GROVE (a balanced market), competition is a factor to consider. In GROVE, home values have fallen approximately 13.5% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $571,080; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group