3108 E 51st ST # 303, Austin TX 78723

The market data from 7 similar recent sales in GROVE points to a value of approximately $704,200. To sell within a reasonable timeframe at fair market value, the $400,000 to $410,000 range is where I'd position this. Against 3 similar active listings in GROVE, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (1,170 sqft compared to the average comp) is a meaningful differentiator in this price range. 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 seller's market), competition is a factor to consider. In GROVE, home values have fallen approximately 13.3% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $571,172; 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