3108 E 51st ST # 1301, Austin TX 78723

The comparable sales data (7 recent transactions in GROVE) supports an estimated value of $753,065. The data suggests a list price between $400,000 and $410,000 would attract qualified buyers without leaving money on the table. 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 (1,289 sqft vs the comp average) plays a role in how the market prices it. Being built in 2017 (5 years older than comps) is factored into the value estimate. The active market in GROVE includes 7 comparable homes priced from $375,000 to $545,000. Prices in GROVE have fallen 14.8% over the last 6 months. A similar home at 4415 Jackson Ave # 4301, Austin TX 78731 carries an adjusted comparable value of $592,795, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in GROVE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group