3108 E 51st ST # 702, Austin TX 78723

The market data from 7 similar recent sales in GROVE points to a value of approximately $753,065. To sell within a reasonable timeframe at fair market value, the $400,000 to $410,000 range is where I'd position this. Against 7 similar active listings in GROVE, this price point lands at the most expensive of 7 comparable homes on the market. At 1,289 sqft smaller than the typical comp, the size difference factors into the valuation. The 2017 construction puts this home 5 years older than the comp average, a factor in the pricing. Buyers in GROVE have 7 comparable options right now, with asking prices between $375,000 and $545,000. In GROVE, home values have fallen approximately 14.8% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $592,795; 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