3108 E 51st ST # 402, Austin TX 78723

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $689,035. I'd recommend coming to market at $416,000 to $426,000 to strike the right balance between value and market velocity. 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 (1,224 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.00 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in GROVE; a balanced market based on recent absorption. The trend in GROVE shows prices have fallen 13.3% in the past 6 months. 4415 Jackson Ave # 4301, Austin TX 78731 nearby adjusts to $572,780; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group