3108 E 51st ST # 1602, Austin TX 78723

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $703,375. Pricing this home between $420,000 and $430,000 would put it in the competitive sweet spot for GROVE. This home's position in the current GROVE market: the most expensive of 3 comparable homes on the market among comparable properties. This home's smaller footprint (1,113 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.07) contributes to the valuation. Right now, 3 similar properties are competing for buyers in GROVE, listed between $399,000 and $449,000. Market data shows GROVE prices fallen 6.7% over the last half year. The closest comparable sale, 4415 Jackson Ave # 4301, Austin TX 78731 at an adjusted $592,638, is a strong comparable. With 7 comparable sales in GROVE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group