3108 E 51st ST # 1701, Austin TX 78723

Based on 7 closed sales in GROVE, the data points to a value around $703,080 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $389,000 to $399,000. This home's position in the current GROVE market: the most expensive of 7 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. Lot size matters here: 0.00 acres versus 0.07 for the typical comp. 7 similar homes are currently available in GROVE, creating a balanced market for this price range. 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 $592,760, is a strong comparable. 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