3108 E 51st ST # 202, Austin TX 78723

The estimated value of this property is $698,612, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $416,000 and $426,000. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in GROVE. At 1,156 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.00 acre lot (smaller than the 0.08 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in GROVE; a balanced market based on recent absorption. Recent trends in GROVE show home values have fallen 13.5% since 6 months ago. The most comparable recent sale is 4415 Jackson Ave # 4301, Austin TX 78731, with an adjusted value of $572,780; a strong comparable. Based on 7 relevant data points in GROVE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX